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KOSOL Products & Services
Our agricultural financing programs encourage the long-term strength, resilience and profitability of Nigerians in the business of farming for crop and livestock production, processing and off-taking of produce from farmers which makes financing easier. Funding for farm operation expansions and intensified productivity is enhanced through the New Kosol Cooperative Financing Scheme, thereby eliminating personal collateral security because of the ‘triangulation’ of the system. The company uses the collateral and goodwill of the off-takers to approve loans for the farmers, who are usually in registered groups.
To this end, loan repayment is made easier at harvest, because a farmer is paid the balance after deducting the borrowed capital and the interest, giving no room for defaults.
ACCESS TO FARMLAND AND MECHANIZATION
By encouraging group participation through the New Kosol Cooperative scheme, we provide access to cheaper mechanization of farm operations in terms of mechanized land preparation with ploughing, harrowing and ridging implements; planting with mechanical planters and weed control, crop protection with boom spraying of agrochemicals. Doing these collectively reduces costs, and prevents delay because large operations motivate tractor-hiring firms to mobilize to farm sites on time.
At New Kosol Group, we’re committed to helping local farmers in mechanizing their farms and in bringing new-age technology to their doorsteps. The technology which increases Farmers’ income, reduces the cost of farming and makes their farm climate-resilient, is the need of the hour, and we are focused on financing such technologies.
To that extent, we provide structured, flexible working capital solutions for the distribution of new-age machinery/ technology/farm inputs from manufacturers to farmers.
Through our off-taking intervention, the New Kosol Group has made it easier for farmers to get the best available seeds, seedlings, agrochemicals, and other inputs which contribute to successful farming and better yields. The New Kosol Group sources inputs locally or imports the same if not readily available to make available to the farmers. The quality of seeds and seedlings determines harvest, and access to improved seeds would guarantee a bumper harvest. The Group makes the protection and boosting of yields of crops for the farmers easier by ensuring they have access to original chemicals and fertilizers.
SUSTAINABLE AGRICULTURAL DEVELOPMENT TRAINING SCHEME
We are passionate about enhancing knowledge-based integrated and sustainable agriculture in Nigeria, through our various capacity-building activities. We train and have successfully trained thousands of Nigerians and still counting. Our training scheme covers a variety of sustainable and environmentally friendly agricultural enterprises to increase household incomes and supports market orientation of small-scale agricultural and food production in agricultural value chains.
The scheme aims at the sustainable and resource-efficient intensification and improvement of agri-business productivity. It also extends to include enhancing quality impacts while improving production net returns. The aim is to increase income, employment and food security in Nigeria.
OUR AGRO-ALLIED SOLUTIONS
We operate on an integrated basis to provide our customers with a portfolio of solutions that few others can match. Whether it is agronomic expertise, operational efficiency, risk management products or other financial solutions, we have the resources within New Kosol Group to help you meet your goals.
We are committed to supporting the success of our partners and clients. We stand solidly behind our contracts and our variety of solutions are tailored to our customers’ business objectives.
Our off-taking solution cuts across several agricultural clusters and provides our farmers and producers with assured readiness to buy off their produce, as well as provide other safeguard measures in the agricultural value chain.
Our off-taking approach is geared towards improving the food supply chain and enhancing small-scale farmers’ income, especially those in rural areas by providing them with premium markets for their produce. We also work with networks of credible off-takers across the country.
At New Kosol Group, we offer a comprehensive line of products for farmers who want to maximize both their production and their returns through the use of professional agronomy, product marketing and financial products.
Our purpose is to provide food and employment opportunities to Nigerians in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine our experience with new technologies and insights to serve as a trusted partner in the agricultural sector.
Our unfettered access to market information allows us to provide our customers with industry-leading global market insights to keep them ahead of the market. Our understanding of the commercial aspects of commodity trade and financial institutions has allowed us to build innovative funding solutions to tackle specific customer objectives.
Risk Management is at the core of New Kosol Group, we know that where there is a risk, there is an opportunity – a chance to be proactive instead of reactive.
Our risk management experts partner with customers to build commodity price risk management strategies using tailored solutions that are unique to their goals, industries and market biases.
Together, we can minimize uncertainty, maximize opportunity and manage price risk with confidence.
Whether you are producing, selling or merchandising products in the agri-value chain, when you partner with New Kosol Group, you automatically have access to risk management experts who understand your business objectives.
Do You Know?
We Provide Income and Sustenance for Rural Families through Small-Scale Agriculture
United Nations statistics show that in sub-Saharan Africa, investment in agriculture is up to 11 times more effective in reducing extreme poverty than investment in any other sector.
Most Nigerians in rural areas depend on small, family farms for their income and sustenance. Rural people grow the food that feeds the urban areas, but they are also disproportionately poor. 80 per cent of the women, children and men living in extreme poverty live in rural areas, not cities.
Investing in rural people is a long-term solution to so many of the problems we face today. Hunger, poverty, youth unemployment and forced migration – all have deep roots in rural areas; and all can be vastly improved through investing in small-scale agriculture and inclusive rural development.
Why? Because successful small farms provide jobs for unskilled labourers. Small family farms generate income that is spent in rural communities and stimulate rural economies, which in turn contribute to peace and security at the national level.
Hence at New Kosol Group, we place strong emphasis on agriculture targeted at engaging rural communities.
We Engage with and Invest in Communities
New Kosol Group is committed to conducting business with integrity, operating responsibly and enriching communities.
Whether as registered Cooperative societies or independent communities, we engage, support and invest in people all around us as both our customers and by extension local communities of interest. And because we live and work amongst them, we invest heavily in building and making them vibrant communities through economic development, partnerships and philanthropy.
We actively engage with them and respect their cultures while promoting sustainable and responsible economic development to improve their living standards and promote stable communities through the New Kosol Group of Companies’ portfolio of products and services.
We Promote Sustainable Agriculture through Sustainable Living
At New Kosol Group of Companies, we are convinced that agriculture is not just about farming but more importantly a sustainable way of living. We cover such aspects as crop diversification, promoting backyard gardens, low-cost weed and pest control packages and on-farm training, as well as improved livestock production, through better animal health and nutrition.
We strive to conserve the natural resource base through the promotion of enhanced agronomic practices for improved ecosystem resilience. Such practices include those that reduce pollution, improve soil fertility, and enhance biodiversity geared towards minimizing the impacts of agricultural production on natural ecosystems and the services they provide.
As a socially responsible corporate citizen, we constantly support diverse agriculture communities by sharing our knowledge free of charge through a range of R&D and farmer training initiatives whilst constantly innovating and promoting better use of technology and sustainable agricultural practices.