The Kenya Investment Mechanism, a USAID funded program has partnered with Family Bank through an initiative dubbed “Pay for Results” to disburse loans worth 500 million shillings to agribusiness in selected 17 counties namely: Wajir, Garissa, Turkana, Kisumu, Kisii, Siaya, Kakamega, Bungoma, Busia, Vihiga, Kitui, Makueni, Taita Taveta, Isiolo, Homa Bay, Migori and Marsabit
“The agri-business sector faces challenges accessing affordable credit and technical support. Through this partnership, we will provide affordable credit and capacity building to our SME customers to nurture sustainable agri-businesses,” said Family Bank Chief Executive Officer Rebecca Mbithi.
“We are glad to have Family Bank join us to address the low lending to agriculture,” said Roger Bird, Kenya Investment Mechanism Chief of Party. “We are constantly looking for partnerships with organizations that are eager to finance agribusiness. Through this partnership with Family Bank, we will create new financing products that better fit the cash collection cycle of agribusinesses in the selected counties.”
Kenya Investment Mechanism is a USAID program that unlocks capital for SMEs and smallholder farmers in Kenya and East Africa, in partnership with banks and other financing organizations.
More information about the partnership is available at: https://familybank.co.ke/family-bank-partners-with-usaid-project-to-finance-agribusiness/