The Co-operative Bank of Kenya has partnered with the United Nations Capital Development Fund (UNCDF) to launch a new KSh 233.1 million fund aimed at helping young and digital businesses access loans.
The partnership will support small businesses, especially those run by youth, by reducing the risk for the bank and allowing more entrepreneurs to qualify for financing.
The programme will focus on growing Kenya’s digital economy and supporting farmers through solar-powered cold storage to reduce post-harvest losses.
Under the initiative, more small businesses—including those in remote and dry areas—are expected to benefit from easier access to credit. The partners say the move will help create jobs, boost innovation, and strengthen the country’s economy.