Small holder farmers in Makutano region of Kitale a largely agricultural area continue to enjoy the impact that Moto Hope Micro Lending has on their agribusinesses. Our financial and non-financial products ensure that our beneficiaries contribute to the country’s bread basket by sustaining their ventures and in turn sustain their own lives and families. Daniel Kabucho is one such beneficiary. The very dedicated farmer loves to see the work of his hands translate into bounty produce.
In March 2018, Daniel first borrowed $500 from Moto Hope Micro Lending to add onto his savings to invest in maize farming. He made sure to make his timing right as he had suffered before when his yield was adversely affected by poor timing. He was able to prepare his 3 acres land properly, tilling it and planting hybrid seeds at the onset of the rains. He was eager to right all the mistakes he had made before, now weeding his crop in good time, using the right fertilizers and spraying to protect from pests. At harvest time, he was a happy man; taking home 90 bags of maize to sell at $16 per bag.
The father of three school going children was able to pay for the school fees of his children as well as provide comfortably for the needs of his family. He saved up from this earning to invest in this year’s planting season. Once again he planted maize on the three acres land. In May 2019, Moto Hope Micro Lending loaned him another $500 which he invested into his agribusiness. With some of the money, he bought top dressing fertilizer for the maize crop which was at the time at the correct crop growth for top dressing. His crop looks good and he is optimistic about even better harvest this year than last.
From his neighbor, Daniel has rented half an acre of farmland on which he used the remainder of his loan money to invest in Cabbages farming. The quick maturity of cabbages is a quick return on investment he says as he happily checks on his roughly 800 cabbage plants. If everything goes well as he is making sure to do his part tending to the vegetables, he will fetch high profits from this harvest. The quick maturity of the cabbages which take about two months only will enable him to plant at least two more times before the year ends. He is a happy farmer and attributes a great percentage of his success to Moto Hope Micro Lending’s friendly and affordable financing.