NATIONAL VALUE CHAIN DEVELOPMENT PROJECT (NAVCDP) IMPLEMENTATION PROCESS

As part of the National Value Chain Development Project (NAVCDP) implementation process, 20 ward based Savings and Credit Cooperative Organizations (SACCOs) that have met the minimal qualifications have undergone training on Financial Inclusion Marching Grant (FIGM) aimed at boosting the loans’ revolving funds of the respective Saccos.

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‎The SACCOs are afterwards expected to write FIGM proposals and present to the Department of Agriculture, Livestock and Fisheries for consideration of the grant.

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‎After successful consideration, the grant will be issued on a shilling to shilling basis depending on savings. Despite the loans supporting all value chains, Common Interest Groups (CIGs)/ Vulnerable and Marginalized Groups (VMGs) who have saved with the SACCOs along the various value chains of Avocado, Banana, dairy, African Leafy Vegetables and improved local chicken will also be supported.

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‎Cabinet Executive Committee Member (CECM) for Agriculture Nicholas Kitungulu emphasized on the need for continuous SACCO-member mobilization and recruitment which will in turn yield more savings and shares.

He also called for team work and good governance of the SACCOs for proper growth.

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‎Banja Farmers Sacco stood out as the best and first Sacco in the County to be fully digitized through the API integration automation system.

The SACCO also leads in deposits and share capital of Kshs. 1M hence placing the County in position 5 nationwide.