Financial services to dairy farmers (3)

In 2014, Agriterra started up its partnership with Imenti SACCO after a positive advice based on company assessment, conducted in last quarter of 2014. As part of the company assessment, Agriterra facilitated the elaboration of first draft of new strategic plan. This plan was finalised during 2014 and objectives are: • Recruit 1,000 new members • Training of Board of Directors • Comply to SASRA rules • Develop new loan products • Improve marketing • Decrease current loan defaults • Retain surplus to boost institutional capital to not less than 25%. Action plan for 2016 is very much linked to these objectives. In 2014, new loan products were developed. In 2015, these products were further tested. In 2016, a translation of the targets is a dashboard should lead to better monitoring of performance of Imenti SACCO in serving dairy farmers in the Meru region.