Finding funding has always been the most challenging part in any business. A lot of amazing ideas have been put on hold because of this major setback and everyone assumes that their business idea will never pick off from the ground due to lack of major funding behind them. Let that not stop you. We are going to show you how to get easy capital to buy a greenhouse today. According to the Amiran Kenya Website The Youth Enterprise Development Fund (YEDF) and Amiran Kenya Ltd have partnered to support young farmers in acquiring a tailor made Amiran Farmers Kit (AFK) designed specifically for the AgriVijana Loan. The AgriVijana Loan was started to help young farmers in groups, to get involved in Agribusiness by purchasing the special AFK’s each with 2 greenhouses and a large irrigated area.
The Farmer’s Kit, contains 2 greenhouses, drip irrigation system for the greenhouses and 400m of open field, a water tank, plant support system, Gold Medal Seeds to be grown inside the greenhouses and in the open field, high quality fertilizers for one season, crop protection products for one season, a farmer’s sprayer, nursery set, health and safety protective gear, training, agro-support, and AFK insurance. The loan allocated by the YEDF to acquire an AgriVijana AFK is Kshs. 358,344. The group is expected
to raise 10% of the loan amount. Repayment will start after a 4 month grace period, which is adjustable in the
case that the crops planted by the group take longer to mature. The loan shall be repaid in three cycles totalling to 3 years. Each cycle of 12 months shall be as follows; the first four months after installation of greenhouse shall be grace period, 5- 8 months is the high yielding season therefore, the group will pay Ksh.17,425 per month and 9-12 months is the lower yielding season in which the group will pay Ksh. 10,000 per month during this period.
The security of the loan will be the financed equipment, assignment of sales and personal guarantees by group members. There are a number of qualifications for getting the loan most importantly that the group’s composition must be 70% youth (18-35 years) with the leader being youth and must be registered in the constituency it’s applying the loan from. Other qualifications include access to land and water and knowledge or experience
in agriculture. The groups must also show evidence of ability to raise the 10% of the investment outlay and be
registered with the relevant government ministry. Groups with sponsors /guarantors will have an added advantage.