K-Rep Bank Aggregator Recruitment
K-Rep Bank has entered into a partnership with DFID’s Finance Innovation for Climate Change Fund (FICCF) to provide innovative financing to Sorghum, cassava and legumes farmers linked to aggregators in their bid to adopt climate smart agriculture approaches, practices and technologies.
Aggregators engaged or interested in engaging in these commodities are strongly encouraged to submit their expression of interest for the initiative.
K-rep Bank will work with aggregators to provide a clear funding and repayment system for loans taken up by farmers, and the aggregators will provide a clear link to the end market for their farmers.
The aggregator will also qualify for some loan financing instruments.
Criteria for aggregator qualification are as below:
- Must have worked as an aggregator preferably in the suggested fields of Sorghum, Cassava and legumes, However, the bank will consider aggregators who are dealing in other crop value chains and are able to diversify in to the required crop value chains.
- Have presence in non-ASAL regions of Kenya, with a clear working plan and an existing network of at least 500 farmers.
- Demonstrate technical capacity i.e. the aggregator must have adequate staffing level, and physical presence in the region suggested.
- Will be solely responsible for getting the market for farmers produce and will be required to demonstrate market availability, preferably contracts with existing players in the market.
- Have the standard statutory financial requirement i.e. Audited Accounts, 12 months Statements from his current banker,
- Demonstrate capacity and financial muscle to pay the loan requested and be willing to comply with the banks terms and conditions.
Aggregators who meet the above requirements are invited to submit their expression of interest to any of K-rep Bank Branches by 2nd June 2015.
Head Office:
K-Rep Centre, Wood Avenue, Kilimani,
P O Box 25363-00603,
Nairobi, Kenya.
Mobile: 07115803-7;
Fax: 254 020 3568995,
Email: enquiries@k-repbank.com
Website: www.k-repbank.com
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