Climate change is hitting the Horn of Africa hard, affecting the lives and livelihoods of rural pastoralists and farmers across Kenya. Unpredictable weather patterns, droughts and poor or failed harvests leave many without the ability to fend off climatic shocks or make investments into the future.
Mercy Corps and the International Food Policy Research Institute (IFPRI) are working to provide innovative finance to climate affected communities in Kenya.
Both have piloted innovative financial products to help climate-affected communities mitigate the effects of unpredictable weather patterns on their incomes.
Mercy Corps offers offers sharia-compliant loans to pastoralists in Wajir country, and IFPRI offers "risk-contingent credit" and financial training to farmers in Machakos.
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