The partners have each set aside US$15 million for a total of US$30 million (Kshs.3 billion). The program will provide critical funding for smallholder farmers and pastoralists in the largely unbanked agricultural sector in the two countries.
KCB Group said in addition to its US$15 million (Ksh1.5 billion), it will spend $200 million (Kshs.20 billion) in credit to farmers under the program dubbed KCB MobiGro, highlighting its commitment towards supporting the agriculture sector in the region.
The program aims to reach farmers, 60 percent of whom are women, in the dairy, livestock and food sub-sectors in the two countries.
|Value||USD 30 Million|