KCB Foundation Donates Sh100m to Livestock Farmers

KCB Foundation has partnered with the United States Agency for for International Development to donate Sh100 million to livestock farmers in the arid and semi-arid areas.

Farmers will be trained through the USAID’s Kenya Investment Mechanism on climate-smart agricultural practices to mitigate the impacts of climate change. The mechanism is a five-year project b USAID aimed at unlocking private finance and investment for key sectors of Kenya’s economy.

The two-year partnership will see 50 livestock cooperatives and farmers’ groups receive technical support that will help them increase productivity.

KCB is set to train bank staff on livestock financing in the first year of the partnership.

KCB Head of Foundation Caroline Wanjeri said that the training of KCB staff on livestock financing will enable the bank identify better ways to support small-stock farmers.

“By working through farmer producer organizations, we are able to reach more farmers, improve their commercial practices , enhance access to credit and bring in value-addition, she noted.

“We work through strategic partnerships with local partners such as the KCB Foundation to enhance our private capital mobilization efforts for the agricultural sector,” said Grace Mwai, Deputy Chief of Party , Kenya Investment Mechanism.

She further added that the partnership will unlock financing for the livestock sector in the meat, milk, honey, and fish value chains.