NAIROBI, July 4, 2025 – The Co-operative Bank of Kenya has partnered with the Kenya Tea Development Agency (KTDA) to unlock new monetary alternatives for over 260,000 smallholder tea farmers.
The collaboration unveiled on the inaugural launch of the KTDA Magazine and the Farmer First Mantra Prospectus goals at strengthening Kenya’s tea business.
The lender reaffirmed its dedication to the agricultural sector and launched its newest effort: a mobile-enabled credit score program providing as much as Sh1.2 billion in accessible short-term loans to tea farmers.
“We have an extended historical past of supporting the co-operative sector, significantly within the tea worth chain,” mentioned Dr. Gideon Muriuki, Co-operative Bank Group MD.
“Our objective is to empower the greater than 260,000 smallholder farmers who drive Kenya’s tea economic system.”
Through a partnership with Greenland Fedha, farmers can now entry instantaneous loans of Sh100 to Sh20,000 straight by way of their cell phones, an element Co-op Bank says seeks to get rid of the necessity for paperwork.
The financial institution says its position because the monetary associate for all 9 KTDA subsidiaries and most of Kenya’s tea factories ensures clean processing of funds, capital entry, and strategic recommendation, all important to a sector answerable for greater than half of Kenya’s tea manufacturing.
According to the companions, the transfer is a part of its renewed push to empower rural communities, drive innovation, and safe the way forward for Kenya’s tea business.
