Faulu Bank And Irri-Hub Set To Empower Smallholder Farmers

By Soko Directory Team / Published April 30, 2024 | 12:18 pm



Faulu

Faulu Bank, a leading financial institution and a subsidiary of Old Mutual Limited, has forged a strategic partnership with Irri-Hub Ke Limited, an innovative agriculture company specializing in technology-driven irrigation solutions. This collaboration aims to empower smallholder farmers by providing them with access to affordable, efficient, and sustainable irrigation products to enhance agricultural productivity and resilience in the face of climate change.

Faulu Bank, with over 30 years of experience and a strong heritage in Kenya’s financial sector, is committed to being a trusted lifetime partner for its customers. Through its vision of helping customers achieve their financial goals and building prosperity within societies, businesses, and shareholder communities, Faulu Bank offers a comprehensive range of financial services, including banking, investment, savings, and insurance.

Irri-Hub Ke Limited, on the other hand, leverages technology to develop innovative irrigation products tailored to the needs of smallholder farmers. Their solutions, which include rainwater harvesting technology, solar-powered irrigation systems, greenhouses, shade houses, screen houses, mulching technology, and agricultural nets, enable farmers to increase agricultural productivity, improve nutrition security, and boost incomes.

The partnership between Faulu Bank and Irri-Hub Ke Limited is aimed at providing smallholder farmers with access to the following targeted products:

  • Solar Pumps: Solar-powered irrigation pumps that enable farmers to efficiently utilize renewable energy for irrigation purposes, reducing reliance on costly fossil fuels.
  • Drip Kits: Precision irrigation systems that deliver water directly to the roots of crops, maximizing water efficiency and minimizing wastage.
  • Dam Liners: High-quality liners for constructing on-farm water storage reservoirs, ensuring water retention and minimizing seepage.
  • Solar Dryers: Solar-powered drying systems that enable farmers to preserve and add value to their produce, reducing post-harvest losses and increasing income opportunities.

“We are excited to partner with Irri-Hub Ke Limited to offer innovative irrigation solutions to smallholder farmers,” said Justus Kittony, Head of Business Growth & Bancassurance at Faulu Bank. “By combining our financial resources and expertise with Irri-Hub Ke’s technology-driven products, we aim to empower farmers to adapt to climate change, increase their agricultural productivity, and achieve their financial goals.”

“Our collaboration with Faulu Bank underscores our commitment to transforming agriculture through technology,” said Eric Onchonga, Chief Executive Officer at Irri-Hub Ke Limited. “Together, we will enable smallholder farmers to harness the power of sustainable irrigation solutions, improve food production, and build resilience in the face of climate change.”

Through the partnership, smallholder farmers will benefit from Faulu Bank’s financial expertise and Irri-Hub Ke’s innovative irrigation solutions. The Bank will provide accessible financing options to farmers for the acquisition of Irri-Hub Ke’s products, thereby enhancing agricultural productivity, improving livelihoods, and promoting food security in rural communities.

Read Also: Faulu’s Digital Solutions That Are Shaping Banking In Kenya




About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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