Friday, May 27, 2022

Co-operatives in 20 Counties to Get KCB Foundation Funding

KCB Foundation, through its Mifugo Ni Mali programme, will this year spend KShs.50 million to support over 5,000 farmers from 20 counties in the livestock value chain.

The support will be in the form of financing—working capital and asset-based funding—disbursed through KCB Bank’s retail banking network.

KCB Foundation aims to enhance commercialisation and boost farmer outputs through co-operatives in the livestock value chain by improving market access and income opportunities across the country.

Bank branches in Kenya reveal poor and rich counties

As part of the project, a total of 70 co-operatives will also get training for the farmers this year, as well as access to market linkages through the extensive KCB network, as well as the implementation of sustainable livestock production especially as the adverse effects of climate change, affect food production.

KCB Foundation Chief of Party Caroline Wanjeri said; “Working with co-operatives is critical as they enable commercialising of farmer operations. They also provide a learning environment to maximize on value addition, enabling farmers to realize their potential”. “Farmer producer organisations in the livestock value chain encounter challenges in accessing credit from banks due to their unstructured nature. The training will encompass governance, member equity and capitalization, financial and credit management, market performance, legal and regulatory needs, gender inclusion, and value addition,” she added.

The first phase of the programme will be implemented in 10 counties: Laikipia, Baringo, Samburu, Taita Taveta, Narok, Kajiado, Mombasa, Kwale, Kilifi and Marsabit. The second phase of the programme will be rolled out in Isiolo, Wajir, Tana River, Lamu, Garissa, Turkana, West Pokot, Busia, Mandera and Kitui.

The Mifugo Ni Mali programme was launched in 2014 as an Enterprise Development programme working with farmer producer organisations (FPOs) and focuses on four value-chains: Meat, dairy, apiculture and aquaculture.

For further information, please contact Rosalind Gichuru, Group Director, Marketing, Corporate Affairs & Citizenship; email: [email protected]

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