Ksh 291,300
Remaining
Finances Description
Lending to Maize Farmers in Kitale
Kitale, located in Trans Nzoia County, is one of Kenya’s most productive maize-growing regions due to its fertile soils, favorable altitude, and reliable rainfall patterns. Lending to maize farmers in this region presents a high-potential opportunity to support food production, rural livelihoods, and economic development.
The typical borrower is a smallholder or medium-scale farmer cultivating 1 to 5 acres of maize, often using hybrid seeds and fertilizer. Loans are generally used to finance inputs such as certified seed, DAP and CAN fertilizer, land preparation, pest control, and post-harvest handling.
The agricultural cycle is seasonal, with peak demand for financing occurring before planting (March–April and September–October). Loan repayment is typically structured around harvest time, 4 to 5 months after planting.
While the region offers strong agronomic potential and active produce markets, lending in this sector requires close monitoring and risk management due to climate-related vulnerabilities, pest outbreaks, and market price fluctuations.
Farmsky strategically partners with local cooperatives, agro-dealers, and extension service providers to improve credit performance and ensure farmer success.
Finances
| # | Entity | Amount |
|---|---|---|
| 1 | Total Required | Ksh 291,300 |
| 2 | Returns | |
| 3 | Total Raised | Ksh 0 |
| 4 | Total Balance | Ksh 291,300 |
| 5 | Start Date | 01 Jun 2025 |
Risk Disclosure
Use of Funds
| # | Entity | Unit | Unit Cost (Ksh) | Total Cost (Ksh) |
|---|---|---|---|---|
| 1 | Fertilizers | 10 | 3,850 | 38,500.00 |
| 2 | Fertilizers | 10 | 7,500 | 75,000.00 |
| 3 | Seeds | 10 | 1,300 | 13,000.00 |
| 4 | Pesticides/Herbicides | 10 | 2,780 | 27,800.00 |
| 5 | Labor | 10 | 350 | 3,500.00 |
| 6 | Labor | 10 | 350 | 3,500.00 |
| 7 | Labor | 0 | 350 | 0.00 |
| 8 | Land | 10 | 7,000 | 70,000.00 |
| 9 | Land | 10 | 6,000 | 60,000.00 |