KDC injects Sh500mn into Githunguri Dairy Cooperative to boost MSME financing

Kenya Development Corporation invests Sh500 million in Githunguri Dairy Cooperative under the World Bank-backed SAFER Programme, aiming to expand MSME access to long-term credit and strengthen financial inclusion...

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The Kenya Development Corporation (KDC) has injected Sh500 million into Githunguri Dairy Cooperative Society (GDC) to boost financing for MSMEs under the World Bank-backed SAFER Programme. This initiative aims to expand access to long-term, affordable credit for investors and capital-intensive projects in Kenya.

KDC is considering extending lending periods from seven to ten years and reducing interest rates from 9% to 8%.
Trade and Investment Cabinet Secretary Lee Kinyanjui highlighted the goal of making long-term credit more accessible for industrial projects.
To date, KDC has disbursed Sh3.2 billion to 11 SACCOs, supporting 36,990 MSMEs and creating 25,637 jobs across 32 counties.

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