Equity Bank and Care International have jointly launched a new product specifically targeting livestock traders and ranchers. Mifugo Biashara aims to provide affordable credit to livestock traders who provide market outlet for pastoralists, to boost their overall income and ultimately uplift their standard of living. The facility will be used by livestock traders to purchase livestock, and later sell them to established processors such as Kenya Meat Commission. The beneficiaries of the loan, however, have to meet the loan requirements, including purchasing livestock from groups trained by CARE against a supply contract with the pastoralists. This arrangement is envisaged to address the challenge of access to market which has been a major drawback to livestock business on the part of pastoralists and traders.
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