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RK-FINFA

Signing of the Aide Memoire for the RK-FINFA Mid-Term Review

PS Dr. Chris Kiptoo, National Treasury, and Mr. Matteo Marchisio, IFAD Country Director for Kenya, sign the Aide Memoire for the Mid-Term Review.

How we align

US$ 134.05m

Total project cost

190,000

Rural households reached

2022 – 2028

Implementation period

41

Participating financial institutions

About the facility

Transforming rural and smallholder agriculture

RK-FINFA is a six-year development project financed jointly by the International Fund for Agricultural Development (IFAD) and the Government of Kenya (GoK). It supports the transformation of the rural and smallholder agriculture sector through private sector-led development by improving the access of smallholder farmers and rural micro, small and medium enterprises to appropriate financial services.

The facility contributes to the Bottom-up Economic Transformation Agenda (BETA) 2022–2027 through the Rural Credit Guarantee Scheme and the Green Financing Facility.

Read the background Alignment to BETA

Project goal

Reduce poverty, enhance climate change adaptation and improve livelihoods in rural areas.

Development objective

Increase rural financial inclusion and green investments by agriculture value chain stakeholders.

Target population

66,000 smallholder households and 2,000 rural MSMEs as direct beneficiaries.

Inclusion targets

A minimum of 50% women and 30% youth across all capacity building and financing activities.

What we do

Project components

Rural Credit Guarantee Scheme (R-CGS)

Risk sharing that promotes rural outreach innovations and catalyses funding from Kenyan mainstream financial institutions into the rural and agriculture sector — KES 2.8 billion invested to leverage KES 11.5 billion in PFI lending.

Explore R-CGS CGS portal (opens in a new tab)

Green Financing Facility (GFF)

A permanent investment mechanism with start-up capital of KES 2.1 billion that encourages small-scale farmers and micro-firms to invest in climate-smart and environmentally friendly activities.

Explore GFF Green Finance Taxonomy (opens in a new tab)

Latest news

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Implementing & financing partners

The National Treasury (opens in a new tab) Agricultural Finance Corporation (opens in a new tab) Credit Guarantee Schemes (opens in a new tab) Agence Française de Développement (opens in a new tab) Foreign affairs of Finland (opens in a new tab) International Fund for Agricultural Development (IFAD) (opens in a new tab) Central Bank of Kenya (opens in a new tab) SASRA (opens in a new tab) Kenya Bankers Association (opens in a new tab) FSD Kenya (opens in a new tab) AGRA (opens in a new tab) Cordaid (opens in a new tab)