FINANCING VALUE ADDITION IN KENYA- EQUATORIAL NUT PROCESSORS LTD
Agricultural Finance Corporation in partnership with International Fund for Agricultural Development (IFAD), Alliance for Green Revolution in Africa (AGRA) and the Government of Kenya under the program for Rural Outreach in Financial Innovation and Technology (PROFIT) targets to reach over 800,000 small holder farmers through financial inclusive model.
PROFIT is an innovative delivery model developed through this program to enhance financial inclusion and increase agricultural credit access by smallholder farmers who do not have securities to secure loans through anchor client. The Corporation has financed Equatorial Nut Processors Ltd which has a wide branch network in Murang’a, Meru, Embu, Nyeri, Kirinyaga, Thika, Machakos, Homabay, Bungoma, Nandi and Tranzoia counties to reach out to smallholder farmers.
OUTREACH: 4,223 small scale farmers of Macadamia nuts, Cashew nuts, peanuts, sorghum, and soy beans ECONOMIC IMPACT: The company has employed over 1,410 people both directly and indirectly of which 80 % being women