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Charles Chakoma

Charles Chakoma. TN Livestock Trust (Pvt) Ltd. TN Livestock Trust (Pvt) Ltd TN Livestock Trust (Pvt) Ltd is one of the subsidiaries of Lifestyle Holdings.

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Charles Chakoma

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  1. Charles Chakoma

  2. TN Livestock Trust (Pvt) Ltd TN Livestock Trust (Pvt) Ltd • TN Livestock Trust (Pvt) Ltd is one of the subsidiaries of Lifestyle Holdings. • The other subsidiaries include TN Asset Management, TN Financial Services, TN Harlequin Luxaire, TN Medical Benefits Fund, TN Healthcare, TN Mart and TN Grill.

  3. TN Livestock Trust (Pvt) Ltd Cattle Banking, the new innovation TN Livestock Trust (Pvt) Ltd has pioneered a ‘cattle banking’ concept aimed at bringing financial inclusion to cattle farmers whilst improving the productivity and quality of the cattle.

  4. TN Livestock Trust (Pvt) Ltd Some of the challenges faced by smallholder farmers include; • Low calving rates – 45 % vs. ideal of 70 % • Long period to 1st calving of 42 to 48 months vs. 36 months • Low off-take of 3 to 5 % against 20 per cent • Low carcass weight of 160 kg vs. 210 kg • Inadequate grazing • Communal area cattle regarded as unbankable assets and cannot be used as collateral when the farmers want to access loans.

  5. TN Livestock Trust (Pvt) Ltd Objectives of the project • To make smallholder farmers bankable, therefore improving their liquidity • To encourage a value system that recognizes cattle as a valuable asset and commodity in wealth recognition • Productivity improvement of the cattle through TN Livestock Trust (Pvt) Ltd adhering to strict beef management programs.

  6. TN Livestock Trust (Pvt) Ltd . Farmer participation • A farmer registers interest to deposit livestock with TN Livestock Trust (Pvt) Ltd. • TN Livestock Trust officials visit the farmer to conduct cattle valuation and deposit. • Valuation of livestock is conducted by independent, qualified and experienced livestock graders.

  7. TN Livestock Trust (Pvt) Ltd What happens when the valuation has been concluded? • TN Livestock Trust (Pvt) Ltd and the farmer process required documentation for cattle transportation i.e. • Livestock Movement Permit – DVS • Livestock Clearance Form - ZRP. • TN Livestock Trust (Pvt) Ltd transports the animals to the TNLT holding farms. • The farmer is issued with a Certificate of Deposit showing the value (agreed) of cattle deposited.

  8. TN Livestock Trust (Pvt) Ltd Certificate of Deposit • The Certificate of Deposit becomes the farmers’ herd. • The Farmer can use the Certificate of Deposit as collateral in accessing loans from selected financial institutions. • The farmer also earns interest based on the value of the Certificate of Deposit

  9. TN Livestock Trust (Pvt) Ltd Accessing Interest • The farmer can get interest either in the form of; • Cash • Additional cattle

  10. TN Livestock Trust (Pvt) Ltd Benefits of the program • Farmers can use their cattle as security to borrow and engage in other income generating activities • Children are now able to go to school without being hindered by cattle herding duties. • Livestock risks and challenges e.g. theft, drought and deaths are now mitigated • Herd improvement i.e. numbers and quality.

  11. TN Livestock Trust (Pvt) Ltd Cattle Up-keep by TNLT Once cattle arrive at TNLT farms or cattle banks, they are divided into the following groups; • Oxen, bulls, steers and cull cows are fattened, sold and replacements bought. • Cows and heifers are kept for breeding with superior bulls of the farmers’ choice. • Young cattle are left to grow whilst heifers placed onto breeding herd and steers are fattened, sold and replaced. • Cattle kept under modern management practices

  12. TN Livestock Trust (Pvt) Ltd Withdrawal of Cattle from TNLT ‘cattle banks’ • Cattle can be withdrawn after a minimum period of 2 years. • Before the minimum period of 2 years farmers can sell their cattle but give first offer to TNLT. • At 2 years or anytime thereafter, farmers can withdraw cattle of same description and value equal to that deposited but not necessarily the exact animal. • Independent cattle valuers and graders are present at withdrawal to help in determining value of the cattle. • Certificate of Deposit can be split or ownership transferred.

  13. TN Livestock Trust (Pvt) Ltd Thank You Tatenda Siyabonga

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