MSMEs in Agribusiness to Benefit From Unaitas’ KSh1 Billion Funding

Unaitas said the funding will support over 5000 MSMEs on the recovery path especially in the backdrop of the Covid-19 19 pandemic

Cooperatives Commissioner Geoffrey Njang'ombe, Unitas CEO Martin Muhoho, Unitas Chairperson James Kinoro and Oiko Credits representative Caroline Mulwa hold a 10 Billion dummy cheque during the launch of the Unitas SMEs Fund at Safari Park on July 12, 2021

Unaitas, a deposit-taking Savings and Credit Cooperative (SACCO) has secured a KSh1 billion facility from Oikocredit to fund small businesses in the agribusiness value chain.

With over 378,000 members, Unaitas says it will be able to support over 5000 Micro, Small and Medium Enterprises (MSMEs) to recover from the Covid-19 impact and empower them to achieve economic growth.

”These enterprises include farmers’ groups and cooperatives, individual farmers, farm input dealers and transporters,” the firm said in a statement.

The funds will be repaid over six years allowing them to offer loans to members.

Caroline Mulwa, Oikocredit’s Investments manager East Africa said  Unaitas has been their partner since 1997 when the savings cooperative borrowed $370,37.