Musoni receives Sh940 million loan from USAID for small scale farmers

The agreement signed is set to increase Musoni’s digital lending to marginalized small scale farmers and other SME’s to help improve their livelihoods and food security. [Photo: Courtesy]

United States Agency for International Development (USAID) on Wednesday extended a Sh940 million loan to Musoni Microfinance for small scale farmers, associations, cooperatives, small and medium enterprises and individuals who are seeking to grow their businesses.

The loan is aimed at enabling the microfinance to give access to credit to Kenya’s agricultural sector dealing with cereals, livestock, dairy and horticulture.