Unilever and Equity Bank Kenya have announced a strategic partnership to offer a Distributor Financing Solution, designed to strengthen manufacturing supply chains, improve product availability, and accelerate growth across the markets.
Under the partnership, Equity Bank will provide tailored working capital financing to Unilever’s distributors, enabling them to access credit, improve stock availability, and expand their reach into underserved markets.
Equity Bank Kenya Managing Director Moses Nyabanda described the partnership as a strategic alignment of purpose. “Our mission is to empower consumers, businesses and communities,” said Nyabanda.
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“This collaboration with Unilever allows us to extend affordable, accessible credit to traders who form are key drivers of Kenya’s economy and with Equity’s reach across all 47 counties, we’re positioned to scale this quickly. Manufacturing is a vital pillar of Kenya’s economy, contributing 7.8 percent to the national GDP. We are proud to partner with Unilever, to offer tailored distributor financing solutions. This initiative not only empowers SMEs but also fosters inclusive economic growth by channeling capital to where it’s needed most: into the hands of entrepreneurs who drive the supply chain from end to end.”
This initiative is part of a broader effort to empower small and medium-sized enterprises (SMEs), enhance distribution efficiency, and fuel sustainable growth in the fast-moving consumer goods (FMCG) manufacturing sector.
“We are delighted to continue empowering our business partners through this transformative partnership with Equity Bank, enabling them to access affordable financing, build capacity, and unlock new commercial opportunities. This initiative is a testament to our unwavering commitment to sustainability and inclusive growth, ensuring that every distributor, regardless of size or location, has the tools to thrive,” said Luck Ochieng, Managing Director, Unilever East Africa said
“By investing close to Sh2.4b annually, we are not only strengthening our supply chain but also creating meaningful employment and promoting economic development within our business communities across Kenya,” he added.
