Financial Products for Cooperatives
Soko Credit
A credit facility designed to boost the working capital needs of small agribusiness enterprises of individual cooperative members.
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Kilimo Loan (SME)
This is credit solution for cooperatives on-farm activities, agro-input provision, agro-processing, bulking, marketing, and trade of agric products.
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Kilimo Loan (Micro)
An on-farm, post-harvest handling and agribusiness trade financing facility tailored for the individual members of the cooperatives.
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Tech Credit (SME)
This is the ultimate solution for digitising and digitalising records management, reporting, marketing and communication.
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Fanaka Finance sees cooperatives differently
Solutions designed for cooperatives
We provide a variety of impact-driven financial solutions to Cooperative MSMEs and their members.
The goal is to increase access to affordable financial solutions to integrated cooperative businesses by providing credit services to cooperatives and their members across the country.
We invest in women & youth entrepreneurs
When we invest in women, we are assured of a greater multiplier effect of our services to the family especially the quality of life of the children and long-term stability of the communities.
The Fanaka Finance
strategic goal
The strategic goal is realized through the following objectives.
- Engineering financial products and services for the market competitiveness of Cooperative Agribusiness MSMEs and local industry.
- Strengthening resource mobilization to support its activities.
- Building the bankable capacity of its cooperative agents and their members.
Credit and Insurance products
Agribusiness Credit
Financing
We support the acquisition of inputs for agricultural production, value addition processing units, transport equipment & trade financing.
Promoting other non-agricultural
small scale industry
We support small & medium size cooperative industries that exhibit the potential of using home-grown resources to service local demand.
Insurance products for
individual and business security
Using the agent model, we bring closer non-life and life insurance products to its clients and the communities within which it operates.
ICT for Business Efficiency
Tech Credit. Tech Grant.
We partner with providers of suitable ICT for Membership Management, Transaction processing, Accounting, Inventory & Process Management, Online Trading and Marketing as well as Research.
In the case of pure credit, ICT & Software Acquisition, credit is financed at 60% of the value of procurement.
Where administered funds or concessional grants have specific terms, Fanaka Finance looks to align the financing terms accordingly.
