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KCB Foundation Report
Since the Foundation’s inception
in 2007, over KShs. 500 million
has been invested in community
initiatives. The reach of the programs
has been immense and
positively transformed lives across
the Eastern Africa Region. However
for the value of the investments
to be validated, there is an
ever increasing need to demonstrate
impact in concrete terms.
Consequently, 2013 was a year of
consolidation for the KCB Foundation
as it reviewed its strategy to ensure that it develops
and supports larger more sustainable programs
that have a capacity to truly impact lives and sustain the
legacy of the institution across the region.
Enterprise
Development
In the era of globalization,
generating economic
growth in developing
countries while
reducing poverty is a
fundamental development
challenge. With
this in mind, the KCB
Foundation supports
small scale enterprises
and the cottage industry
as these are the drivers of the economy at household
level. Interventions at this level contribute to the growth
of the economy in terms of employment and nurture a
new crop of entrepreneurs.
Enterprise Development
Objective: Reduction of absolute
poverty
Investment: KShs. 33,646,354
1. Capacity building for over 600
small scale entrepreneurs
2. Production equipment to over 10
small scale enterprises
The Foundation’s investments in 2013 are summarized
in the table below:
Foundation Investments (KShs. Million)
56.8
Our Enterprise Development programs align themselves
to Millennium Development Goal no. 1 on Eradication of
extreme hunger and poverty, through a combination of
capital support such as provision of equipment, training,
mentorship and market linkages. Key initiatives
funded include:
32.6
32.8
• Provision of soya milling machines to soya bean
farmers in Vihiga county through Rural Outreach
Programme (ROP). Soya flour fetches more in the
market than the raw bean and the waste from the
milling process can be used for animal feeds.
16.1
6.4
Education Enterprise
Development
Environment Health Humanitarian
Intervention
• Set up of a banana farm and rabbit project as livelihood
support for over 50 households in Kiambu
and Muranga in partnership with Ahadi Kenya. The
beneficiaries were drawn from the recovered jigger
victims. Due to the good sales from the rabbits, the
group has gone on to purchase an incubator for additional
income generation.
27 38
K C B 2 0 1 3 A n n u a l R e p o r t a n d F i n a n c i a l S t a t e m e n t s