Centenary Bank a leading Micro-finance Bank with support from ASP DANIDA and GIZ sought to design and develop an agricultural lease product to support farmer groups and rural entrepreneurs. This product enables them to acquire affordable and necessary equipment for value addition there by having better income and livelihoods.

Friends Consult LTD (FCL) was therefore contracted to design, develop, test and roll out an Agricultural Micro-Lease Finance Product. Activities undertaken by FCL included:

  1. Designing a micro-leasing product suitable for SME firms in agribusiness
  2. Conduct a cost-benefit analysis of micro-leasing of the product; develop policies and procedures manual.
  3. Develop a training manual for in-house training of staff on
    micro-leasing and made recommendations for product testing and roll out.

Centenary Bank adopted the Agricultural Micro-lease finance product developed by FCL. The product has been accessed by farmer groups and rural entrepreneurs enabling them to acquire equipment for value addition thereby increasing their incomes and better livelihoods.