KCB’s new deal to benefit thousands of livestock farmers
Kenya Commercial Bank (KCB) Foundation has joined a major partnership that will see thousands of livestock farmers in five counties in Kenya’s arid and semi-arid region benefit from improved water and sanitation facilities as well as access training and credit facilities.
Through its Mifugo Ni Mali (Livestock is wealth) programme, the KCB Foundation will work with Millennium Water Alliance (MWA) to stimulate enterprises that will support livestock value chain improvement in the Arid and Semi-Arid Lands (ASALs).
The programme, billed as one of the most transformative partnerships, is expected to transform the lives of residents in the five counties of Isiolo, Turkana, Garissa, Wajir and Marsabit.
“Through this strategic partnership, we foresee productive and sustainable commercialised livestock and water sectors in the targeted counties. There is a great untapped potential in the counties. We believe this will contribute to an enhanced economic status for the households and the counties as a whole,” KCB Foundation Executive Director Jane Mwangi said after signing of the agreement with Millennium Water Alliance (MWA).
MWA Executive Director Mr Rafael Callejas echoed the importance of the partnership saying: “We are looking at changing livelihoods through innovative business models. The small-scale entrepreneurs will also have more opportunity for training on getting and managing credit.”
Through this partnership, the KCB Foundation will conduct financial literacy training of 100 SMEs in the livestock and water value chains, support pasture production, prepare water service providers and livestock keepers for commercial loans of up to $1 million in addition to sharing technologies and approaches in sustainable service delivery.
Other private sectors in the programme include Aqua for All, The Coca-Cola Africa Foundation, SweetSense, Acacia Water, IBM, Davis & Shirtliff, and Vitol Foundation.
KCB’s Migugo Ni Mali programme was launched in 2014 and has been in the forefront of driving economic expansion in the arid and semi-arid regions. Mifugo Ni Mali (Livestock is Wealth) collaborates with livestock producers in the ASALs to accelerate commercialisation of the livestock sector, ensuring livestock keepers retain a higher proportion of the final sale price of the livestock.
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