This loan product will be available to those poultry farmers who have well developed infrastructure for poultry production. Start-ups will also be included under negotiated arrangements.
The loan will be used towards any of the following poultry production activities:
i) Purchase of day – old chicks
ii) Purchase of poultry feeds
iii) Purchase of Vaccines and other veterinary drugs
iv) Paying for services from Animal health service providers
v) Labour
vi) Insurance
vii) Charcoal
viii) Construction of chicken house
Types Of Poultry Loans
Broilers loan
Broilers will usually be ready for disposal after 6-8 weeks of age. This is a broilers` production cycle. Repayment will be over 12 months period which will be after 6 production cycles. The farmer has the option of clearing the repayment at the end of any production cycle without attracting any penalties
Layers` Loan
Layers will normally start laying after 5-6 months of age and continue laying for 12 months. The loan repayment for layers loan will therefore be over an 18 months period which is up to the time they stop laying
Loan amounts
1st loan-
- Up to a maximum of K.Sh 200,000/-
- Up to a max of K.Sh 500,00/- if fully secured with a charged collateral
Subsequent loans : double previous loan up to a max. of 1.5 Million.
Interest rate
1.5% per month
Security - Various options:-
i) Title deed
Below K.Sh. 200,000/-: Declaration of Pledge on Title deed, chattels mortgage, 3rd party guarantee, Insurance for all the chicken
Above K.Sh. 200,000/-:Charged Title deed, 3rd party guarantee, Insurance for all the chicken
ii) Chattels mortgage for a motor vehicle, motor cycle or other immovable properties.
iii) Third party guarantee. A Registered Power of attorney should be obtained for such a guarantee.
How To Access K-Lift Loans:
This loan is available to Individuals, partners, companies, organized groups or Co-operative Societies. Applicants will fill a KLIFT Business proposal form. The application form will cost K.Sh.300/- . Proposals can be downloaded from here.
Conclusion
K-LIFT will generate social and economic benefits resulting from enhanced empowerment of enterpreneurship in the Livestock sector. By doing so, it will contribute to lifting Kenyans from Poverty through livestock .