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Designing an Effective Rural Finance Product to Improve Food Security for Livestock Traders in Kenya
As part of the Rural Agricultural Finance and Food Security (RAFFS) Practitioner Learning Program (PLP), Food for the Hungry (Kenya) collaborated with various stakeholders to develop a loan guarantee product for rural livestock traders in Northern Kenya. After conducting research on the livestock value chain in their project area, Food for the Hungry concluded that the rural finance products currently available did not adequately address the unique needs of their clients.
To address this gap, Food for the Hungry, in collaboration with Equity Bank, developed a loan guarantee product to assist rural livestock traders by providing them with needed capital to purchase additional livestock to sell in local markets. It was envisioned that the increase in income from improved sales would result in better household food security for the traders as well as positively affect the livestock value chain in Northern Kenya.
After conducting interviews with livestock traders, Equity Bank staff and representatives from the Kenya Meat Commission, Food for the Hungry created a podcast to document their experiences in creating a targeted rural finance product to improve food security along the value chain.
To listen to the podcast please click here. To download the podcast, please right-click on the link and choose "Save Target As".
The script is also available for those unable to access the audio podcast. To download the script, please click here.