Friday
October 26
2018

USAID and Musoni Microfinance sign $8 million loan guarantee agreement to boost Kenya’s agricultural sector

By George Tubei

The United States Government, through USAID, announced the signing of Sh800 million (USD 8 million) loan portfolio guarantee agreement with Musoni Microfinance Limited.

Through this risk mitigation agreement, Musoni Microfinance Limited will develop and roll out innovative financial loan products to increase access to credit within Kenya’s agricultural sector, especially within cereals, dairy, livestock and horticulture value chains.

Photo courtesy of Bioversity International.

Source: Pulse Nigeria (link opens in a new window)

Categories
Agriculture, Investing
Tags
agriculture, development finance, global development, impact investing, microfinance, SMEs, value chains