ECLOF Kenya launches film on its innovative agricultural value chain financing model
Small farms produce most of Africa's food. But they need to become more productive to accommodate a growing population.
ECLOF Kenya, a partner of the Grameen Crédit Agricole Foundation since 2015, is a microfinance institution that offers financial and related non-financial services to micro, small and medium entrepreneurs, as part of their income-generating activities.
As part of its efforts to improve the quality of life of its clients, ECLOF operates an innovative agricultural value chain financing model to build the capacity of smallholder farmers and their cooperatives and factories. Through financial and technical training, loans, and connections with local dairy factories as trusted buyers, farmers earn a stable income and invest in high-yielding cows and better maintenance. On average, participating farmers triple their annual income from dairy production.
At the same time, this innovative structure reduces the costs and risks associated with working with ECLOF farmers: the repayment rate is well above 90 %. As of December 2021, ECLOF Kenya had disbursed dairy loans worth over USD 3 million to more than 2,200 farmers.
Kenya's new dairy film lets farmers themselves speak out to tell their stories.
Click here to watch the movie.