Vehicle and Equipment Leasing Limited

Vehicle and Equipment Leasing Limited (VAELL), established in 2006, is an independent asset leasing, maintenance and consulting company.

The project

AgriFI funding will enable VAELL to work with Quipbank to offer the first ware potato mechanization and storage hub in Narok County by offering agricultural equipment to smallholder farmers at an affordable price. This will translate to increased incomes for smallholder farmers.

  • The project will support Quipbank to offer integrated mechanization and storage for potatoes. VAELL will construct a 1000 tonne potato storage facility for smallholder farmers. This facility will offer better post harvest management and traceability. The facility will thus enable farmers to delay selling their produce until the market prices are favourable.
  • A credit facility will be made available to farmers to finance the purchase of inputs with farmers using stored potatoes as collateral.
  • Credit and marketing services.
  • Farmers will also be supported with mechanized crop protection services which will lead to higher yield and higher income.
  • Farmers will have access to mechanization services for chiseling, harrowing, ridging and planting based on conservation tillage.
  • Farmers with produce in storage will be able to access agricultural credit, based on their stored produce as collateral.
  • Quipbank will use the Yielder app to pass information on potato cultivation and market data to their farmers.
SEE ALL RECIPIENTS
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IN BRIEF

Co-applicant

Quipbank

Sector

Input supply (Mechanisation)

Target Smallholders

3,000

Target Jobs

294

Counties

Narok