Co-op Bank secures $10m for lending to agribusinesses
Friday April 02 2021
Co-operative Bank s Gideon Muriuki. The bank has secured $10 million financing from the eco.business Fund for on-lending to sustainable agribusinesses. PHOTO | POOL
Summary
It is structured to suit the financing cycles of agriculture, and also comes with the support mechanisms to assist farmers to make a successful pivot towards sustainable, climate-smart agriculture.
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Co-operative Bank has secured $10 million financing from the eco.business Fund, the impact investment sub-fund for sub-Saharan Africa, for on-lending to sustainable agribusinesses.
The fund’s first ever investment in Kenya provides the much-needed financing for businesses to enhance sustainable measures in their agricultural practices, particularly important in light of the challenging operating environment created by the Covid-19 crisis.
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