Agriculture plays a big role in the economy of Kenya accounting for around a quarter of Kenya’s total GDP with 60 per cent of export earnings coming from trade in agricultural goods. Horticulture in particular is a key foreign exchange earner with most of the farm produce destined for Europe. However, data from the Fresh Produce Exporters Association of Kenya indicates that only 4 per cent of the country’s horticultural produce like fruits and vegetables, is exported, while 96 per cent is consumed locally. This is despite the fact that the exported produce makes a significant contribution to the country’s GDP. This can be attributed to the financing gap that horticulture farmers face when they need to expand their businesses. With Family Bank that will no more be the case.
John Karuga, a horticulture exporter and owner of Everest Enterprise Limited has been banking with Family Bank for over 6 years. Having been encouraged to open an account with Family Bank by friends, who are customers of the Bank, his business has grown exponentially. During the COVID 19 pandemic, John was able to receive financing to expand his flower growing business located in Mt. Kenya and his vegetable growing business in different parts of the country.
Just like John Karuga, you can become part of the family because with Family Bank our customers are family and we always strive to make them feel part of the family unit. As a horticultural producer, you expand your business with products such as working capital loans, import and export loans, bank guarantees, invoice discounting, letters of credit and much more. Let us walk with you and your business for life. For more information visit: https://familybank.co.ke/family-bank/fuzu-na-family/
