News

KCB targets 2 million farmers in Kenya and Rwanda under MobiGrow, in the next 5 years

KCB targets 2 million farmers in Kenya and Rwanda under MobiGrow, in the next 5 years
  • Comments   -   Wednesday, 11 July 2018 - 17:15

(Ecofin Agency) - Kenya Commercial Bank (KCB) recently launched a new credit granting scheme called “MobiGrow” to ensure a better access to financing for Kenyan and Rwandan farmers.

The service also provides for agricultural training and technical advices. Through this program, the bank is targeting 2 million smallholders in Kenya and Rwanda over the next 5 years. In the meantime, MobiGrow trains 200,000 farmers in agri-business with the possibility to receive loan to boost production.

According to Annastacia Kimtai, KCB’s chairwoman, this new product aims to ease access to financial services for smallholders while bolstering the value chain. “We are leveraging technology to tackle the challenges faced by farmers when it comes to credit access and inclusion. We are also empowering farmers with non-financial solutions such as capacity building forums to grow their agribusinesses,” she said.

Chamberline Moko


APPP2018 480x110 ENG

At the end of 2017, there were 148,000 wealthy individuals with a...
Read more |  19 September 2018
Public Management
19 September 2018
morocco-trade-deficit-grew-by-10-1-in-jan-aug-2018
In Morocco, the trade deficit worsened by 10.1% in the first eight...
Read more |  19 September 2018
In Egypt, the trade deficit reached $3.62 billion by June 2018, representing a...
Read more |  19 September 2018
Zimbabwe will disburse a $64 million urgency plan to manage the new cholera...
Read more |  19 September 2018
Barrick Gold is looking for Chinese partners to help develop its “struggling”...
Read more |  18 September 2018
Morocco will issue Islamic bonds (sukuks) during the first week of October...
Read more |  18 September 2018
In Egypt, the trade deficit reached $3.62 billion by June 2018, representing a...
Read more |  19 September 2018
Zimbabwe will disburse a $64 million urgency plan to manage the new cholera...
Read more |  19 September 2018
Barrick Gold is looking for Chinese partners to help develop its “struggling”...
Read more |  18 September 2018
Morocco will issue Islamic bonds (sukuks) during the first week of October...
Read more |  18 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.