Deal Street

Kenya’s Unaitas Secures USD 9.3 Mn Funding From Oikocredit
Kenya’s Unaitas Secures USD 9.3 Mn Funding From Oikocredit

Unaitas Sacco, one of Kenya’s largest progressive Sacco, has received KShs1 billion (USD 9.3 Mn) in capital from Oikocredit International, a Dutch private equity firm, for onward lending to small and medium firms. (SMEs). According to the Sacco, the funds will be repaid over six years, allowing the Sacco to provide loans to approximately 5,000 farmer groups and cooperatives, individual farmers, farm input dealers, and transportation companies.