Financing activities that address climate change and other environmental challenges in rural Kenya.
Green finance is the financing of activities that address climate change and other environmental challenges such as natural resource conservation, biodiversity conservation, and pollution prevention and control.
The facility offers a classification system for identifying activities and investments that will move Kenya towards meeting specific targets related to priority environmental objectives. It helps financial actors and others determine which investments can be labelled “green” in their jurisdiction, and it encourages the undertaking of projects and activities that help scale up environmentally sustainable economic development.
GFF is established as a permanent investment mechanism with a start-up capital of KES 2.1 billion (USD 15 million): KES 1.4 billion (USD 10 million) from IFAD and KES 700 million (USD 5 million) from GoK.
GFF contributes to sustainable rural transformation, growth and income generation by alleviating the liquidity constraints of non-bank financial institutions and encouraging small-scale farmers and micro-firms to invest in climate-smart and environmentally friendly activities.
Areas covered
- Institutional structure of the GFF
- Eligibility criteria for GFF wholesale borrowers (SACCOs and MFBs)
- Eligible activities for GFF financing