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.
Today we held a breakfast meeting at Safari Park Hotel, to launch our new partnership with Oiko Credit. Through this partnership, Oiko Credit funded us with Kshs 1 billion geared towards socio-economic growth in the Agri-business value chain, SMEs and the Trade Sector. pic.twitter.com/XVOjPqyIV3
— Unaitas Sacco (@Unaitas) July 12, 2021
”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.
