- Saccos in Siaya are set to expand support for farmers and vulnerable groups
- New funding is expected to strengthen lending capacity across beneficiary cooperatives
- The county is rolling out a wider plan to strengthen Saccos across its wards
Saccos in Siaya County are set for a financial boost after receiving Ksh9.9 million in matching grants aimed at expanding lending to farmers and vulnerable groups.
The Siaya County Department of Agriculture, Food Security, Livestock & Blue Economy made the disbursement through the National Agricultural Value Chain Development Project (NAVCDP), targeting Common Interest Groups (CIGs) and marginalised communities who rely on cooperative credit.
For many farmer groups in Siaya, access to affordable credit often hinges on the financial health of their local Sacco. This latest disbursement is designed to change that equation, giving the eight beneficiary Saccos a stronger capital base to expand lending opportunities within their communities.
It builds on Ksh5.2 million previously awarded to five Saccos under the same programme, bringing renewed momentum to the county’s cooperative financing drive.
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The county is currently supporting Cohort 3 of the initiative, comprising 17 Saccos undergoing institutional strengthening and compliance processes to meet the eligibility criteria for matching grants.
Altogether, the programme forms part of a wider plan to strengthen 30 Saccos, one in every ward, with Ksh25.2 million in inclusion grants already distributed to enhance their operational capacity.
Officials say the broader goal extends beyond funding figures. By channelling resources through Saccos, the initiative seeks to promote cooperative-based financial inclusion, strengthen agricultural value chains and improve livelihoods across Siaya County.
It is also expected to build public confidence in cooperative institutions, encourage savings and investment, and support the commercialisation of selected agricultural value chains, positioning Saccos as key drivers of the county’s rural economy.
By Benedict Aoya
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