In a strategic move to boost access to long-term credit for capital-intensive projects, Kenya Development Corporation (KDC) has allocated Ksh500 million to Githunguri Dairy Cooperative Society (GDC). The initiative, part of the World Bank-backed Supporting Access to Finance for Economic Recovery (SAFER) Programme, targets micro, small, and medium enterprises (MSMEs), key drivers of Kenya’s economic growth.
Speaking at KDC offices in Nairobi, Trade and Investment Cabinet Secretary Lee Kinyanjui explained that the funding will extend loan tenures from seven to ten years while reducing interest rates from 9 percent to 8 percent, making critical development financing more accessible.
World Bank Financial Sector Specialist Leah Kiwara emphasized that the partnership is aimed at closing financing gaps that limit MSME growth, promoting innovation, and strengthening the overall financial ecosystem.
KDC Director General Norah Ratemo highlighted the corporation’s previous achievements, including disbursing Ksh3.2 billion to 11 SACCOs, supporting 36,990 MSMEs, creating 25,637 jobs, and onboarding women-owned enterprises. GDC, operating nine branches across Nairobi and Nakuru, is expected to enhance outreach, deepen financial inclusion, and accelerate Kenya’s economic recovery.
 has allocated Ksh500 million to Githunguri Dairy Cooperative Society (GDC). The initiative, part of the World Bank-backed Supporting Access to Finance for Economic Recovery (SAFER) Programme, targets micro, small, and medium enterprises (MSMEs), key drivers of Kenya’s economic growth.){kind=link}