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Originally published by The Standard Business
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February 5, 2026
8h ago

Digital credit targets 5,000 herders in financing push

Digital credit targets 5,000 herders in financing push

 Kenya disburses Sh852 million in livestock financing across 15 counties over three years through a government-backed initiative seeking to attract private capital...

✨ Key Highlights

Kenya has disbursed Sh852 million in livestock financing across 15 counties over three years through the government-backed De-risking, Inclusion and Value Enhancement (DRIVE) Project. This initiative aims to attract private capital into pastoral economies, notably by rolling out a digital credit product for herders.

  • The Kenya Development Corporation (KDC), in partnership with Safaricom, launched "KDC Mifugo Cash," a digital credit product targeting 5,000 pastoralists for livestock inputs via M-PESA.
  • Livestock contributes approximately 12 percent of the national GDP, with earnings rising to Sh235 billion in 2024.
  • The DRIVE Project provides insurance to over 138,000 households, covering more than 500,000 livestock and benefiting over 800,000 people across Kenya's arid regions, with support from the World Bank.

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