Farmers to benefit from KWFT dairy farming loan

Nairobi, Kenya: As the leading Microfinance bank in the country, Kenya Women Microfinance Bank (KWFT) appreciates agribusiness as a key driver in helping address poverty reduction and has launched various loan programmes that are aimed at empowering farmers to optimize production.

With the ever expanding demand for dairy products both locally and regionally, dairy farming is poised to play an even greater role in Kenya’s economic growth. Already, the local dairy sector contributes around seven percent of the country’s overall Gross Domestic Product and directly supports over 1.5 million small-scale farmers.

Producer milk prices have been on a steady rise in recent years as the sector attracts more investments which has helped make the dairy sector a profitable venture for those already in it and an attractive prospect for thousands more who are eager to join in. 

About the KWFT Dairy Farming Loan

The KWFT Agricultural Loan programme includes the KWFT Dairy Farming Loan which is designed to help farmers upgrade their dairy cattle into High Breed stock for maximum productivity and at minimal risk.

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The bulk of the 1.5 million small-scale dairy farmers still keep traditional dairy cow breeds that owing to their genetic composition are incapable of producing high milk yields when compared to the exotic, or the better known grade cattle.

For farmers keen to succeed in dairy farming, the whole dairy farming programme will amount to little unless they can aim for best practices in animal husbandry which begins with upgrading to the right quality livestock breed.

Both practicing and prospective dairy farmers will find the KWFT Dairy Farming Loan a very useful product as through it they can obtain financing to purchase these high quality dairy cows which guarantee improved milk production and better herd performance.

Cow Insurance

Furthermore, the KWFT Dairy Farming Loan also comes with an insurance cover for these high breed cows in the event of theft or death.

Farmers whose animals unfortunately die as a result of accidents, illnesses and diseases like Foot & Mouth disease, while calving or maybe upon recommendation by a qualified vet to have it slaughtered will receive 100% compensation of the insured amount under the cover.

With the government moving to encourage young people to embrace agribusiness as a sustainable and profitable occupation, dairy farming is among the ventures with positive prospects and which has been made even better through the efforts of a reliable partner as KWFT through the KWFT Dairy Farming Loan.

Farmers can also take advantage of the KWFT Agriculture Loan portfolio to obtain financing for the purchase of water tanks, biogas establishment or general agribusiness assets (eg milking machines, chaff cutters etc)

Benefits of the Dairy Loan Campaign

Key features of the KWFT Dairy Farming Loan include localized sourcing of the cow/herd, valuation of the cow by certified vets and payment to suppliers and an insurance cover for the cow purchased.

Applicants can rest easy with the assurance of the many benefits to be accrued from investing in the dairy sector via the KWFT Dairy Farming Loan which include improved milk production for greater earnings, fast loan processing, flexible repayment period and insurance for the cow.

How to apply

To apply for the KWFT Dairy Farming Loan, please visit any of the 234 KWFT offices or branches across the country or simply call our 24 hour hotline 0703-067-700.

You can also contact us via our Email: [email protected]  or visit our website www.kwftdtm.com for more information.