NCBA Bank, in partnership with Lake Victoria North Water Works Development Agency (LVNWWDA) and Water.org, today convened more than 100 contractors in Kakamega to explore financing opportunities aimed at strengthening contractor sustainability, and improving project delivery within the Water, Sanitation, and Hygiene (WASH) sector.
Through NCBA’s WASH financing solutions powered by Water.org, contractors can access funding ranging from KES 300,000 to KES 500 million, including equipment financing of up to 60 months and capital expenditure and project financing of up to 120 months. Additionally, contractors can access financing of up to KES 6 million without the need for traditional collateral, leveraging receivables or awarded project contracts as security.
“Water infrastructure remains one of the most critical enablers of economic growth, public health, food security and climate resilience,” said Dennis Njau, Group Director, Retail Banking at NCBA Bank.
“Through this partnership with Water.org and LVNWWDA, we are providing more than financing. We are building an ecosystem that gives contractors access to the capital, liquidity and financial solutions they need to deliver projects efficiently and sustainably. Ultimately, this translates into improved access to water and sanitation for communities across Kenya.”
