Faulu Bank has inked a financing deal with Irri-Hub Ke Limited to empower smallholder farmers in Kenya.
The deal will provide farmers with access to affordable, efficient, and sustainable irrigation products.
What Faulu Will Put on Table
The partnership will provide smallholder farmers with access to the following targeted products:
- Solar Pumps: Solar-powered irrigation pumps that enable farmers to efficiently utilize renewable energy for irrigation purposes, reducing reliance on costly fossil fuels.
- Drip Kits: Precision irrigation systems that deliver water directly to the roots of crops, maximizing water efficiency and minimizing wastage.
- Dam Liners: High-quality liners for constructing on-farm water storage reservoirs, ensuring water retention and minimizing seepage.
- Solar Dryers: Solar-powered drying systems that enable farmers to preserve and add value to their produce, reducing post-harvest losses and increasing income opportunities.
“We are excited to partner with Irri-Hub Ke Limited to offer innovative irrigation solutions to smallholder farmers,” said Justus Kittony, Head of Business Growth & Bancassurance at Faulu Bank.
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“By combining our financial resources and expertise with Irri-Hub Ke’s technology-driven products, we aim to empower farmers to adapt to climate change, increase their agricultural productivity, and achieve their financial goals.”
Smallholder farmers will benefit from Faulu Bank’s financial expertise and Irri-Hub Ke’s innovative irrigation solutions.
“Together, we will enable smallholder farmers to harness the power of sustainable irrigation solutions, improve food production, and build resilience in the face of climate change,” said Eric Onchonga, Chief Executive Officer at Irri-Hub Ke Limited.
The Bank will provide accessible financing options to farmers for the acquisition of Irri-Hub Ke’s products, thereby enhancing agricultural productivity, improving livelihoods, and promoting food security in rural communities.
Irri-Hub Ke Limited leverages technology to develop innovative irrigation products tailored to the needs of smallholder farmers.
Their solutions, which include rainwater harvesting technology, solar-powered irrigation systems, greenhouses, shade houses, screen houses, mulching technology, and agricultural nets, enable farmers to increase agricultural productivity, improve nutrition security, and boost incomes.
