Implementing Partner for USAID's Kenya Investment Mechanism - KIM
Lattice partners with USAID to provide technical assistance for the $ 563 million Kenya Investment Mechanism (KIM) project. KIM is a five-year USAID initiative aimed at facilitating investments in key sectors of Kenya’s economy, including horticulture, dairy, livestock, health and WASH by mobilizing private investment and accelerating enterprise-driven development.
Key Interventions
Unlocking Finance Across Value Chains
- Scope: Facilitated access to finance across 14 value chains in Kenya.
- Impact: $563 million mobilized and unlocked for investment.
Building Capacity in Financial Institutions
- Scope: Trained over 3,000 bankers across various sectors, including dairy, horticulture, livestock, Water and Sanitation, and Health.
- Impact: Unlocked over $400 million in financing through these trainings.
Supporting Business Advisory Service Providers (BASPs)
- Scope: Delivered specialized trainings focusing on SME lending/investing, new product development, gender mainstreaming, and utilization of DFC guarantees and other risk-mitigation tools.
- Impact: Enhanced the capabilities of BASPs and other KIM partners.
Training County Governments
- Scope: Provided training on value chain finance to county governments from the 14 Feed the Future (FtF) counties identified by USAID.
- Impact: Enabled county governments to understand various value chains, identify investment opportunities, and engage private investors effectively.
Illustrative Workshops
Agribusiness Finance and Investment
- Interventions: Developed and delivered training on SME lending and new product development for financial institutions.
- Impact: Improved financial institutions' capacity to support agribusinesses, leading to increased investments in the sector.
Enhancing Financial Product Development
- Interventions: Provided technical assistance in designing new financial products tailored to the needs of SMEs.
- Impact: Expanded the range of financial products available to SMEs, enhancing their access to finance.
Credit Risk Management
- Interventions: Conducted training on advanced credit risk management processes and procedures.
- Impact: Strengthened the ability of financial institutions to manage credit risk, improving their lending practices.
Post-Training Follow-Up on Credit Policies
- Interventions: Followed up on the implementation of credit policies and procedures post-training.
- Impact: Ensured that financial institutions effectively applied new credit policies, leading to better risk management and increased lending.
Advanced Agribusiness Value Chain Finance
- Interventions: Delivered training on advanced agribusiness value chain finance techniques.
- Impact: Enhanced the financial institutions' understanding of agribusiness value chains, leading to more effective financing solutions.
Business Enabling Environment Support
- Interventions: Supported improvements in the business enabling environment for agribusinesses.
- Impact: Created a more favorable business environment, encouraging private investment and growth in the agribusiness sector.
Advanced Agribusiness Finance Training
- Interventions: Conducted training on advanced finance techniques for agribusinesses.
- Impact: Improved the financial skills of agribusiness managers, leading to better financial management and increased access to finance.
County Government Training on Value Chain Finance
- Interventions: Provided training on value chain finance to county governments.
- Impact: Enabled county governments to identify and leverage investment opportunities in value chains, fostering regional development.
MSME Credit Risk Management
- Interventions: Provided training on credit risk management for MSMEs.
- Impact: Improved MSMEs' access to finance by enhancing their creditworthiness and financial management practices.
Advanced SME Health Finance Training
- Interventions: Conducted training on health finance for SMEs.
- Impact: Enabled SMEs in the health sector to access finance, improving their capacity to deliver health services.
ESG and Climate Financing
- Interventions: Delivered training on Environmental, Social, and Governance (ESG) criteria and climate financing.
- Impact: Enhanced financial institutions' capacity to support sustainable and climate-resilient investments.
Joe Maye, Director of Strategy at Lattice:
"Our interventions have not only facilitated significant financial mobilization but have also built lasting capacities within financial institutions and county governments, creating a robust ecosystem for sustainable economic growth."
Lydia Oguyo, Analyst at Lattice
"The comprehensive training programs we've delivered have empowered local financial institutions to unlock unprecedented levels of financing, thereby driving growth across various sectors."
Conclusion
Lattice's expertise in facilitating finance, building institutional capacity, and providing targeted training has played a crucial role in advancing the goals of the Kenya Investment Mechanism project. Through our comprehensive interventions and collaborative efforts, we have significantly contributed to the economic development of Kenya by unlocking substantial investments and empowering key stakeholders across various sectors.
