A Kiva loan will be incredibly valuable to meet three short term funding needs. First, we need to improve aspects of the farm. The money will allow us to purchase a larger refrigerator since our current refrigerator is at capacity. It will also help us to upgrade our on site restroom facilities ($2,500). Second, the loan will be used to pay for organic certification through CCOF ($750). Finally, the loan will help hire and train a farm apprentice and acquire some new equipment associated with increase production ($1,000).
These three improvements will be very valuable. Organic certification will increase the pool of potential farm clients. An employee will help increase production on site to meet increased product demand. The loan will definitely result in a revenue increase and allow for increased profit in the long term, and expansion to a second site next year.
We also plan to expand to a second location in 2016.
$5000 will be used for site acquisition, including permits and associated
fees, initial rent/deposit payments and initial setup of this new site.