The Laikipia County Cooperative Revolving Fund Board has approved an adjusted budget for the year 2023/24 in a meeting to discuss various important topics, including the approval and disbursement of loans, adoption of strategic plan 2023-2026, and financial statements for the year 2022/2023.
The board recognizes the importance of providing cooperatives and Laikipia traders with the necessary liquidity to ensure their survival, expansion, and sustainability, in line with Governor Joshua Irungu’s manifesto on wealth creation.
The Revolving Fund has supported various value chains, including cereals, horticulture, livestock (beef and dairy), hay, housing, and funding of microfinance ventures.
The new strategic plan 2023-2026 aims to improve the management of cooperatives by automating fund operations and enhancing efficient service delivery to customers.
Additionally, the strategic plan will enable the Warehouse Receipt System (WRS) by providing credit to cereal cooperatives and farmers against their certified cereal stock in the warehouse. The Revolving Fund’s efforts aim to stimulate the livestock sector, agriculture, and enterprise development to realize the Governor’s key pillar of wealth creation. The objective is to ensure that every household in Laikipia enjoys a prosperous life.
