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KCB Group has committed Sh35 billion towards lending and capacity building in the agricultural sector over the next five years. The funding is expected to help more than two million farmers including 100,000 youth and women who will now have access to affordable credit facilities.
Announcing the commitment, KCB Group CEO Joshua Oigara said the increased funding will constitute five percent of the bank’s loan book, slightly above the current 3.85 percent funding to the sector. Currently, the bank lends nearly Sh14 billion to the agricultural sector.
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