Browsing: KCB MobiGrow

KCB Bank Kenya has launched a Ksh300 million (US$2.9 million) poultry farmer empowerment project in Makueni County, in its latest move to support agro-business in Kenya. This will see over 1,000 poultry farmers in Kibwezi benefit from credit facilities, capital, vaccinated insured chicks, chicken feed and vaccines. The project will be offered under KCB MobiGrow, a mobile-based platform which provides financial and non-financial services to smallholder farmers in Kenya and Rwanda. KCB Group has committed Ksh50 billion for the next five years to be extended to smallholder farmers. This will see more start-up enterprises in the sector access credit facilities at concessionary rates.

Kenyan poultry famers to benefit from US$2.9 million kitty

Kenya

KCB Bank Kenya has launched a Ksh300 million (US$2.9 million) poultry farmer empowerment project in Makueni County, in its latest move to support agribusiness in Kenya.

This will see over 1,000 poultry farmers in Kibwezi benefit from credit facilities, capital, vaccinated insured chicks, chicken feed and vaccines.

The project will be offered under KCB MobiGrow, a mobile-based platform which provides financial and non-financial services to smallholder farmers in Kenya and Rwanda.

Under the project dubbed, ‘From Chick to Market’, poultry farmers will access various tailor-made MobiGrow services.

Upon maturity, the chicken will be bought at a pre-contracted price by KCB market partners, guaranteeing farmers of a ready market.

Proceeds from the sales will then be remitted to farmers through their KCB MobiGrow accounts to ensure the recovery of loan amounts.

“We are committed to growing agribusiness in the country. We continue to accelerate access to financial services which is in …