Record number of farmers buy seeds on credit

In western Kenya no less than 15.104 farmers are interested in buying agricultural products on credit. That’s 4 times as many as last year. The farmers have the possibility to buy seeds, fertilizer, chickens and solarlights and pay back in installments. It's even more than the 12.000 farmers Agrics is able to serve at this moment.

Agrics Ltd is one of ICS’s social businesses. Agrics provides small farmers in Kenya and Tanzania the means to purchase quality agricultural raw commodities. Individual farmers first need to attend an existing farmer group or form one with other local farmers. Every group consists of 15 to 25 people. Next to basic products like seeds and fertilizer the farmer can decide to order extra products or services like chickens, solarlights, storage facilities or the rental of a tractor. The farmer has about 6 months for repayment. Because the farmers function within groups potential problems with repayment can be preempt.

Better seeds deliver a bigger harvest. This ensures farmers food for their families and an income. Read more on Agrics here.