Agritech firm introduces product loan initiative for easy access to animal health

Farm Alert, one of the leading agritech companies dedicated to improving animal health and productivity, has announced a groundbreaking partnership with Lenco (YC W22) and Ure Microfinance Bank to launch a revolutionary product loan product that will address a critical challenge in the Nigerian animal health sector.

Veterinarians and other animal health professionals across Nigeria often face financial constraints that hinder their ability to provide essential services to farmers and pet owners.

The lack of readily available capital prevents them from stocking up on crucial drugs, vaccines, and other animal health products, leading to delayed treatment, reduced animal productivity, and the potential spread of diseases.

The new loan product from Farm Alert is expected to offer a timely and innovative solution. Veterinarians registered as partners with Farm Alert can access product credit from distribution centres in Abuja, Lagos, Ibadan, and Kano.

This development will empower veterinarians to immediately obtain the necessary drugs and vaccines to treat animals, regardless of their immediate financial resources.

This initiative has the potential to transform animal health delivery in Nigeria, by removing financial barriers, veterinarians can now respond swiftly to animal health needs, leading to improved outcomes and reduced livestock losses.

“This partnership with Lenco and Ure Microfinance Bank marks a significant milestone in our mission to make animal health accessible to all in Nigeria. By addressing the critical issue of capital constraints, we are empowering veterinarians to provide the essential services that farmers and pet owners rely on”, Dr. Femi Kayode, CEO of Farm Alert says.