This archive report was first published on 8 July 2019.
On July 8, 2019, Kenya Commercial Bank (KCB) launched a Sh300 million poultry farmer's empowerment project in Makueni County, benefiting over 1,000 poultry farmers.
The project, dubbed 'From Chick to Market,' will provide credit facilities, vaccinated insured chicks, chicken feeds, and vaccines to the farmers.
The services will be offered under KCB's MobiGrow, a mobile-based platform providing financial and non-financial services to smallholder farmers in Kenya and Rwanda.
Upon maturity, the chickens will be bought at pre-contracted prices by KCB's market partners, guaranteeing farmers ready markets and ensuring the recovery of loan amounts.
Speaking at the launch, KCB Bank head of MobiGrow Dickson Naftali emphasized the bank's commitment to growing agribusiness in the country.
‘We continue to accelerate access to financial services which is in line with our agenda to simplify the lives of our customers to enable their progress,” he said.
As part of the project, KCB Group has committed Sh50 billion for the next five years to be extended to smallholder farmers.
Makueni Deputy County Governor Adelina Mwau praised KCB for empowering farmers by providing financial services and expertise to enable them to thrive in their agribusinesses.
