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KACHI Agri Micro Finance
Promoting digital financial inclusion for Poverty Alleviation and Rural Development (PARD) by targeting small scale farmers, the youth, women, the retrenchees, retirees in rural areas
Introduction
Providing digital payments platforms for de-risk lending
Kachi Agri Micro Finance is an agriculture entity promoting digital financial inclusion for Poverty Alleviation and Rural Development (PARD) by targeting small scale farmers, the youth, women, the retrenchees, retirees in rural areas by Linking them to electronic Warehouse Receipts (eWHR’s) for financing inputs, mechanization & agro processing.
In return we accept repayments of our loans in form of agricultural produce i.e. grain from our clients once they have harvested at a prior agreed price and the farmers will be free to sell what remains on the open market.
Products & Services
COMPACTS LOANS
CROP INSURANCE
WALKING TRACTORS
SEEDS
INPUTS
LIVESTOCK
CAPACITY BUILDING
BEES HONEY
AQUACULTURE
HORTICULTURE
POULTRY
CAPITAL EQUIPMENT POLICY
digital payments platforms
KACHI AGRI MICRO FINANCE
“Providing digital payments platforms for de-risk lending”
WHO
In this project financial banks such as ABSA, NATSAVE, ,ZICB or UBA will avail prepaid cards to the beneficiaries (vulnerable women and youth led cooperatives), that will be used to access funds through Aid for TradeTM booths and swiped at any POS machines for agriculture inputs and payments operated by Kachi Agri Micro Finance cloud agriculture financing.
WHY
Micro financing remains a vital source of capital for agricultural producers. Initiatives such as out growers Input Support Scheme, a Kachi Agriculture Micro Finance’s risk-sharing programme in Zambia, have leveraged technology to develop new ways to provide loans to farmers such as through the “Aid for TradeTM” platform linked to commercial banks and markets.
WHAT
We provide financial inclusion through one of our products under the Aid for Trade whereby smallholder agriculture loans are accessible to small scale farmers on a prepaid plastic Visa as a digital financial service in partnership with NGOs, financial institutions, insurance firms, pension and commercial banks
HOW
Aid for Trade will be linked to kiosks with mobile banking and payments features designed to manage or drastically cut transaction costs, facilitate
access to financial services such as insurance, savings and credit. In addition, Aid for TradeTM digital financial services will generate data to help our investors and lenders de-risk their offering by better understanding small-scale farmers and the rural economy. Ultimately this will improve information about a borrower’s intentions and ability to repay their loans, psychometric technology will be used in various communities and biometric technology will also be used as a cost-effective way of applying ‘Know Your Customer’ requirements when enrolling rural clients who often do not have identification documentation.”
KAMF
CLIENTS INCLUDE
- Individual farmers (mainly youths and women)
- Cooperatives of women (involving 60% women & 40% youth)
- SMEs
- NGOs
- Churches
- Educational Institutions
- Research Institutions
- Relief agencies (refugee camps)
- Orphanages
Insurance
Schweizer Agriculture’ access to finance entity Kachi Agriculture Micro Finance Ltd, Oasis Asset and Fund Managers Pty Ltd which is a project management and development entity of Schweizer Agriculture has entered into an agreement with ZISC General Insurance to provide access microinsurance to cover crop like livestock, grains, legumes and goods in transit in support of small scale farmers.
Aid for Trade™
HOW
Aid for Trade is linked to kiosks with mobile banking and payments features designed to manage or drastically cut transaction costs, facilitate
access to financial services such as insurance, savings and credit.
In addition, Aid for TradeTM digital financial services will generate data to help our investors and lenders de-risk their offering by better understanding small-scale farmers and the rural economy.
Ultimately this will improve information about a borrower’s intentions and ability to repay their loans, psychometric technology will be used in various communities and biometric technology will also be used as a cost-effective way of applying ‘Know Your Customer’ requirements when enrolling rural clients who often do not have identification documentation.”
To apply for a loan please fill in the form attached hereby
MANAGEMENT
BOARD OF DIRECTORS
- Cholwe Kagoli, B. Econ – Managing Director
- Cosmas Katunta, BAcc, CIMA -Chief Financial Officer
- Morgan Busuma, Dip.FM, LZICA – Non-Executive Director
- Victor Musonda Katembula, ZICA, ACCA – Non Executive Director
- Mebby Chikwete, FCCA, AZICA, MBA – Non-Executive Director
LEADERSHIP TEAM
- Duane Herholdt, Chairman
- Cholwe Kagoli, B. Econ – Managing Director
- Mebby Chikwete, FCCA, AZICA, MBA
- Cosmas Katunta, BAcc, CIMA – Chief Financial Officer
- Morgan Busuma, Post.Grad.Dip.FM, LZICA – Chief Operations Officer
- Annie C Chikapa, DipCIPS – Credit & Compliance Officer
Climate Risk Mitigation, Adaptation and Resilience Consortium (CLIMARC)'s access to finance
In the picture above, the Minister of Tourism, Hon. Rhodine Sikumba MP is encouraging the Climate Risk Mitigation, Adaptation and Resilience Consortium (CLIMARC)’s access to finance economic analyst Ms. Malone Chanda at Kachi Agriculture Micro Finance Ltd to consider joining hands with government, by encouraging small scale farmers under their database to take advantage of financial outlays being provided by Community Development Funds (CDF) and Citizensship Economic Empowerment Commission (CEEC).
When fully implemented, these initiatives will collectively impact 340, 000 small scale farmers directly and more than 1 million people indirectly in rural Zambia.
For Kachi Agriculture Micro Finance Limited’ services and products visit our website for further information:
GALLERY
Pomoting digital financial inclusion for Poverty Alleviation and Rural Development (PARD)
Get in touch
Head Office
:A: St. Eugene Office Park
Plot # 37/1P Lake Road, Box 320009
LUSAKA, ZAMBIA
M: +260 977 804 902, +260 967 922 113 and +260 970 759 630
E: info@kachiagrifinance.co.zm
Climate Change & Risk Mitigation
Ms. Kangwa Muke,
Key Account Specialist
E: kangwa.muke@kachiagrifinance.co.zm
Customer Care & Business Development
Ms. Charity Phiri,
Trainee-Customer Care & Business Development
E: charity.phiri@kachiagrifinance.co.zm
Copyright © 2021 Kachi Agri Micro Finance. All rights reserved.
The undersigned reader acknowledges that the information provided by Kachi Agri Micro Finance in this Information package is confidential, therefore the reader agrees not to disclose it without the express written permission of the Kachi Agri Micro Finance and its affiliates.
It is acknowledged by the reader that the information to be furnished in this corporate profile is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of the same by the reader may cause serious harm or damage to KAMF.