KAPSABET, Kenya – President William Ruto today presided over the issuance of a KSh 250 million financing facility by the Kenya Development Corporation (KDC) to Trans Elite County SACCO in Kapsabet, a move set to unlock affordable credit for over 10,000 micro, small, and medium enterprises (MSMEs) across Nandi, Vihiga, and Uasin Gishu counties.
The facility targets key value chains, including dairy, tea, coffee, and retail, leveraging digital lending products to support farmers, traders, and local enterprises.
“SACCOs remain a powerful vehicle for advancing financial inclusion and supporting the growth of small businesses that form the backbone of our economy,” President Ruto said.
Today we were honored to host H.E. Dr. William Samoei Ruto, C.G.H., President and Commander-in-Chief of the Defence Forces of the Republic of Kenya, who presided over the issuance of a KSh 250 million financing facility by Kenya Development Corporation (KDC) to Trans Elite County
He added that, “improved access to affordable financing enables entrepreneurs, farmers, and traders to rebuild their enterprises, create jobs, and contribute to our Bottom-Up Economic Transformation Agenda.”
KDC Director General Norah Ratemo noted that channeling financing through SACCOs strengthens grassroots financial intermediaries, ensuring capital reaches local enterprises efficiently.
The initiative forms part of the Supporting Access to Finance and Enterprise Recovery (SAFER) Programme, a Sh13 billion World Bank-supported initiative aimed at expanding affordable credit to MSMEs nationwide.
So far, 83 percent of the programme’s funds have been allocated to 14 financial institutions, reaching MSMEs across 38 counties, with 36 percent women and 35 percent youth beneficiaries.
At Trans Elite County SACCO, the facility has already supported 2,775 MSMEs, with 43 percent of beneficiaries being women and youth, reinforcing the government’s commitment to inclusive economic growth.
By leveraging SACCOs and other financial intermediaries, KDC continues to unlock capital for small businesses, strengthen agricultural value chains, and drive socio-economic transformation in communities across Kenya, in line with President Ruto’s economic agenda.
