Kenya: Co-op, Mastercard to provide small farmers loans below market rates

Posted by - January 15, 2024

Mastercard and Co-operative Bank of Kenya have unveiled a partnership that aims to provide loans to smallholder farmers at interest rates lower than the prevailing market rates. More than 70 percent of agricultural production in Kenya is attributed to small-scale farmers. However, these farmers encounter difficulties in obtaining credit from traditional financial institutions. This collaboration