KCB Bank Rwanda

An investment of $3.8 million in KCB Bank Rwanda to help farmer cooperatives gain access to finance and training.

Rwanda, a small and landlocked country with the highest population density in Sub Saharan Africa remains one of the world’s poorest countries. Agriculture is the foundation of the Rwandan economy, accounting for one third of GDP and employing nearly 90 percent of the labor force. However, agricultural productivity is extremely low which results in nearly half of all agricultural households experiencing food insecurity.

 

IFC and GAFSP will invest $9.2 million (GAFSP share is $3.8 million) in a program with KCB Bank Rwanda to help Rwandan farmers’ cooperatives gain access to the financing and training they need to expand food production.

 

KCB will offer affordable financing to 11 farmer cooperatives in Eastern Rwanda, helping more than 12,000 small-holder farmers gain access to improved seeds and fertilizer and to training in better farming practices. The cooperatives will then supply maize and soybeans to a food processing plant that aims to produce fortified cereals for people suffering from malnutrition – particularly babies and children.

 

The GAFSP Public Sector Window also funds the Land Husbandry, Water Harvesting and Hillside Irrigation project (LWH) in Rwanda.

 

More information

Contact Information:

  • Ms. Laura Mecagni
    Head, GAFSP Unit for IFC
    Email: lmecagni@ifc.org
    Phone: +1-202-473-5969, based in Washington D.C.
  • Mr. Bradford Roberts
    Senior Operations Officer, GAFSP Advisory Services
    Email: broberts@ifc.org
    Phone: +1-202-473-7142, based in Washington, D.C.
  • Mr. Niraj H. Shah
    Senior Investment Officer, GAFSP
    Email: nshah1@ifc.org
    Phone: +1-202-473-3743, based in Washington, D.C.