Oikocredit is providing a new loan to Unaitas, the fastest growing savings cooperative in Kenya with over 378,000 members.
An Oikocredit partner since 1997, Unaitas supports growth-oriented SMEs, especially in the agribusiness value chain.
The new funding forms the Unaitas SME Support Fund, which will serve Kenyan SME farmers’ cooperatives and other enterprises.
Caroline Mulwa, Oikocredit East Africa Investment Manager, said: “Unaitas has grown in leaps and bounds from humble beginnings as a tea farmers’ savings and credit cooperative, and we are proud to be associated with this growth. Unaitas’s focus on smallholder farmers, low-income housing and small to medium enterprises resonates with Oikocredit's mission. Our new loan of KES 7bn will help drive financial inclusion in an underserved market.”
This article was originally published by Oikocredit.