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    Tractors For Africa T4A

    By George Munene

    Global nonprofit Heifer International has partnered with Hello Tractor to introduce a Pay-As-You-Go (PAYG) rent-to-own tractor financing program.

    Dubbed Tractors 4 Africa (T4A), it will enable Kenyan and Nigerian agri-entrepreneurs to become tractor owners at a reduced cost and without requiring any security given they have a farmer network.

    The financing model will require a tractor owner to only pay five per cent upfront of the total tractor cost--from between Sh3.5 million to 5 million. This is repaid through a flexible tenure of between three to five years.

    Interest rates will range from 10-14%, depending on the borrower's creditworthiness.

    Related News: How to get your hands on affordable second hand EU tractors

    Before qualifying, the loanee will need to have pre-booked 1,235 acres for ploughing in the Hello Tractor app. Depending on the value of the tractor and the number of implements, up to Sh 850 will be deducted for every acre of land serviced to pay down the loan.

    “This is a simple, affordable, and flexible tractor finance program. Unlike traditional banks, we are also in tune with the nuanced dynamics within African agriculture. This helps us better serve farmers,” said Belinder Jabuya, Hello Tractor’s PAYG Account Manager.

    Related News: App helps farmers remotely manage & hire tractors

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    Agricultural mechanisation in Africa helps to overcome labour bottlenecks, enabling farmers to cultivate up to 61 per cent more land on time and report over 71 per cent more yield. Despite this, around 80-90 per cent of farmers on the continent still rely on manual labour or draught animals.

    Beyond providing affordable tractor financing, the Tractors 4 Africa project is purposefully geared to bring more of the continent's land under mechanised agriculture.

    Hello Tractor: This email address is being protected from spambots. You need JavaScript enabled to view it.
                          +254 (0) 706 033 976

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    5050 d john deere tractor 500x500 1

    By George Munene

    US agriculture equipment maker John Deere and AGRA (Alliance for a Green Revolution in Africa) are running a competition for Kenyan youth engaged in agriculture whose winner will take home a 50 Horsepower, 5050D TWD John Deere Tractor.

    The competition will run until 31st March 2022.

    The  #JohnDeereAGRACompetition will be open to:

    • A registered youth group (semi-small and medium-sized enterprises- SMEs) based in Kenya

    They must be registered as an SME according to the relevant laws of Kenya and by the relevant authorities (Ministry Of Public Service, Youth And Gender Affairs – State Department for Youth Affairs) in Kenya and have a valid registration certificate with a verifiable membership list. At-least 80% of their members must be between 18 and 35 years old.

    *Registration documents will be required

    • Involved in commercial agriculture activity

    A minimum of 80% of their operations should be focused on an agriculture venture along the value chain.

    • In operation for at least 3 years

    The groups do not need to be cash-flow positive, however, they will be required to have revenues to be considered.

    Related News: IT specialist helps farmers acquire 2nd hand EU tractors at half the cost of new ones

    Related News: App helps farmers remotely manage & hire tractors

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    Eligible applicants (youth groups/semi SMEs in Kenya) need to submit a business plan outlining their plan for running and managing a Mechanisation Service Provision business, after which the most compelling business plan shall be announced as the winner

    This forms part of a partnership between AGRA and John Deer that is committed to uplifting small and medium-sized businesses (SMEs). AGRA will offer support programs for business skills and financial management, while John Deere, through its Dealer Network, provides

    support with operator training, technician development, and after-sales services. In addition, John Deere also provides financing of equipment through John Deere Financial.

    For details on the competition’s guidelines for eligibility criteria, business plan format, evaluation criteria and terms and conditions click here: Competition Guidlines

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    By George Munene

    ASOBO, a Mbita based start-up founded in 2019 leverages electric engine power that reduces the daily cost of operating fishing boats by around 25 per cent.

    Given the upfront cost of purchasing the electric motors are high; the company offers the e-boarders as a long-term rental with the daily rental rates on average lower than what fishers currently spend. This enables them to save money in the long run.

    Included will also be the full financing of the system, daily recharging of the batteries, all necessary maintenance and repairs, training of boat owners and crew, and a 24/7 helpline with rescue back-up.

    Related News: New technology helps fish breeder deliver male fingerlings to farmers in 28 days

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    Speaking to How we made it in Africa company co-founder Laurens Friso explains; “The primary issue for the consumers is cost, and fuel is by far the biggest contributor. Fishers have very little leverage when buying petrol or diesel. There is also a high degree of unreliability and maintenance expense that comes with a traditional petrol or diesel engines, along with a high upfront cost. With our electric engines, the daily cost is on average around 25 per cent cheaper, and our service model means the costs are a lot more predictable, which makes things a lot easier if, for example, there is a bad catch on a particular day.”

    Using electric outboard engines – e-Boarders – powered by renewable energy also improves the livelihoods of people depending on Lake Victoria by greatly reducing harmful emissions and pollutants of the lake’s ecosystem. This is especially important given 76 per cent of the lake’s fish species are threatened by extinction which will have a bearing on the livelihoods of 30-50 million people.

    Related News: Feeding fish homemade feeds more profitable

    Fishermen are able to acquire the electric outboard engines on a pay-as-you-go basis. Their incomes the company points out will increase as tens of thousands of small-scale fishers in Lake Victoria often waste money on inefficient, inconvenient, unreliable, and highly polluting petrol outboard engines. The electric-powered engines promise predictability, reliability, and affordability, whilst being comfortable and safe.

    The e-boats run on 24-3500 battery with 3.5 kWh that comes with a backup service in case anything goes wrong. They are developed by Torqeedo, a German global leader in developing electric outboard motors.

    Phone: +254 114 833 688

    Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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