Grameen Foundation

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  • Country: Kenya
  • Award period: January 2016 - March 2017

Grameen Foundation is partnering with local finance institution Musoni to develop Kilimo Booster, a loan tailored specifically for smallholder farmers with flexible terms and a customizable grace period based on the farmer's seasonal cash flow. Grameen Foundation is supporting the sustainable growth of Musoni's Kilimo Booster loan for smallholder farmers by developing a loan application software that will streamline the loan application process, shorten the approval and disbursement turnaround time, and increase Musoni's profitability by reaching a greater market share of smallholder borrowers.

Outcome: Grameen Foundation and Musoni will disburse approximately $1 million in new loans and reach 3,500 new loan recipients.

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