Revolving Fund: Supporting Key Value Chains In Laikipia For Wealth Creation.
Updated on: Oct 03, 2023
Laikipia County Cooperative Revolving Fund Board met on 29th September 2023 with key meeting agenda touching on loan approval and disbursement of funds.
On the table too was adoption of strategic plan 2023-2026 and Financial Statements for the year 2022/2023 while also approving adjusted budget for the year 2023/24.
In line with Governor Joshua Irungus manifesto on wealth creation, the board noted that the loan facilities will give cooperatives, and by extension Laikipia traders, the much needed liquidity for their survival, expansion and sustainability.
Among key value chains that Revolving Fund has been able to support include; cereals, horticulture, livestock (beef and dairy), hay, housing and funding of micro finance ventures.
The new strategic plan 2023-2026 is designed to address management of cooperatives from automating of fund operations for effective and improve cooperatives efficient service delivery for their customers.
The strategic plan stands too as enabler of Warehouse Receipt System (WRS) by affording credit to cereal cooperatives while also affording farmers credit against their certified cereal stock in the warehouse.
Deliberately, Revolving Fund therefore fashions itself to stimulate livestock sector, agriculture and enterprise development towards realization of Governors key pillar of WEALTH CREATION.
All efforts geared towards ensuring every household in Laikipia lives a prosperous life.
#DignitytoeveryLaikipian
#WatumishiWako
On the table too was adoption of strategic plan 2023-2026 and Financial Statements for the year 2022/2023 while also approving adjusted budget for the year 2023/24.
In line with Governor Joshua Irungus manifesto on wealth creation, the board noted that the loan facilities will give cooperatives, and by extension Laikipia traders, the much needed liquidity for their survival, expansion and sustainability.
Among key value chains that Revolving Fund has been able to support include; cereals, horticulture, livestock (beef and dairy), hay, housing and funding of micro finance ventures.
The new strategic plan 2023-2026 is designed to address management of cooperatives from automating of fund operations for effective and improve cooperatives efficient service delivery for their customers.
The strategic plan stands too as enabler of Warehouse Receipt System (WRS) by affording credit to cereal cooperatives while also affording farmers credit against their certified cereal stock in the warehouse.
Deliberately, Revolving Fund therefore fashions itself to stimulate livestock sector, agriculture and enterprise development towards realization of Governors key pillar of WEALTH CREATION.
All efforts geared towards ensuring every household in Laikipia lives a prosperous life.
#DignitytoeveryLaikipian
#WatumishiWako
