Jehangir Saifullah Khan CEO, JSK Feeds and Karandaaz Signed Medium term reverse factoring facility to enable farmers to receive payments for their maize produce without delay. Resulting in improvement of their cash cycle.
JSK Feeds Limited, an associated concern of the Saif Group. Currently procures a considerable portion of its raw material for poultry feed manufacturing from the small farmers. Direct financing through a medium term loan will enable JSK Feeds to develop its supply chain by funding its small and medium sized maize crop farmers to purchase farm inputs. These farmers are typically not considered credit worthy by the formal financial sector such as banks.
Jehangir Saifullah Khan, CEO JSK Feeds while speaking at the event said,
“JSK Feeds’ production unit is located in the Sahiwal Division which has over 40% of country’s population of ruminants and substantial number of poultry. Our plant’s strategic location enables us to source the best raw materials and to deliver highest quality finished products to our customer’s doorstep in a time-saving and cost-effective way. JSK Feeds is at par with international standards by exercising highest quality control measures and the best manufacturing and bio-security practices to ensure the quality of our products”