Interest-free loans to Laikipia farmers

By Peninnah Maina/GPS

H.E. Governor Joshua Irungu and KCBF Director Mrs Jane Mwangi signing the MOU

Farmers in Laikipia to benefit from Ksh 30 million interest-free loans from the Kenya

commercial bank foundation (KCBF) according to a Memorandum of Understanding

(MOU) signed between the foundation and the county government.

This event marked the start of a strong partnership between the foundation and the

county government, with an aim of providing a profitable, sustainable livestock economy

across all chains under the “Mifugo Ni Mali” program.

H.E. Governor Joshua Irungu and the KCBF director Jane Mwangi signed the MOU on

behalf of their respective institutions.

“There is power in partnership. It helps people access services for development, and

we believe that when the bank grows, the farmers will also grow,” Mwangi said.

She added that the aim of the partnership is not to induce farmers to open accounts

with the KCB, but to help them grow and make it possible for easy financial access.

She urged farmers to look into livestock farming as a business and assets of great

value.

The governor termed the partnership as a way of bringing services closer to the people,

urging the people of Laikipia to take the chance seriously, as an opening for prosperity.

“I don’t think there is any bank to the best of my knowledge that has offered interest-free

loans to the people of laikipia. This shows that the foundation is concerned about the

welfare of our people,” Governor Irungu said.


According to the foundation, poultry and bee farmers, and Saccos will also benefit.