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LendXS supports ECLOF Kenya with climate-smart lending support
24 February 2022
We are pleased to announce that the LendXS has signed an agreement with ECLOF Kenya to support the development of its climate-smart agrifinance business across Kenya at lower cost and risk. With the help of LendXS ECLOF Kenya hopes to become one of the leading climate-smart agri lenders in Kenya.
The partnership with LendXS follows the successful lending pilot we concluded with ECLOF Kenya last year for dairy smallholder lending in the Upper Eastern region of the country. The pilot successfully onboarded, appraised, and disbursed over KsH. 3,000,000 in dairy smallholder loans using the LendXS data collection and credit support tools. Credit officers and branch managers praised LendXS for its ease of use, efficiency, and cost effectiveness throughout the loan origination and approval process.
ECLOF Kenya undertakes a staggered roll out of the LendXS solution to initially 3 branches, followed by a roll-out in its remaining branches in Kenya.
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