Family Bank has entered into a partnership with Performeter Agribusiness Limited in a deal that will see 100,000 farmers in dairy cooperatives access credit to finance fodder production, a critical barrier to the competitiveness of Kenya’s dairy sector.
In addition to working capital financing to farmers, Family Bank will also finance enterprises involved in bulk procurement of dairy farming inputs and equipment.
The capital expenditure includes expansion of cold chain, set up of farm infrastructure, upgrading of milk processing facilities and renewable energy at the milk processing plants, among others.
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