FUNDING AGRICULTURE

FUNDING AGRICULTURE

Kenya Commercial Bank is seeking to enter into a partnership with Uasin Gishu County Government to promote financial inclusion for farmers.
Speaking during a courtesy call to the C.E.C for Agriculture, Livestock and Fisheries Mr. Samuel Yego,the team from Agribusiness and Mobigrow KCB discussed a possibility of funding farmer groups.
Mr Yego pointed out that this was a great idea since farmers who are now exploring other crops like Coffee, Macadamia, Avocados, Pyrethrum, Fruits and Vegetables as well as Dairy to which KCB group had an interest in would get capital for their venture..
“We already have youth groups under “kijana na acre flagship project” that we have funded through a revolving fund.” We also have ” Inua mama na kuku” program.We have their data and some have really upscaled and would do very well in this kind of partnership.” Mr. Yego said.
The KCB Agribusiness head Ms.Clarise Aduma said the support will purely depend on the available data from the County Government.
“We are redefining the agricultural sector with a view of transforming agribusiness by accelerating financial services access. We will depend on the county on provision of data. Aside from the financial support, we will also partner in farmers trainings and policy formulations. We want farmers to do commercial agriculture and dairy.” She said.
Ms. Aduma explained that they would partner in financing farmers that would exploit crops that have a stable market. They will also focus on women and youth in Agriculture.
The Ag.CO Agriculture Mr. Joseph Cheboi appreciated KCB team for the idea as this will empower farmers to run successful Agribusiness ventures.

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