Kitui Farmers to Access Affordable loans from Agricultural Finance Corporation

Kitui Governor Charity Ngilu has encouraged farmers in the county to apply for cheap loans from the Agricultural Finance Corporation (AFC)to boost farming activities and increase food production.

Speaking during a farmers’ training session at the Agricultural Training College in Kitui town today, the Governor said the entrance of the corporation to the market will ensure farmers access affordable loans and service their agri-business needs.

“I know, without an iota of doubt, that farmer of Kitui will kick poverty out of their lives, I am sure AFC will be part of this journey.” Governor Ngilu said.

On her part, UN Women Kenya Country Office Director, Karin Fueg, pledged the United Nations support in enhancing the lives of farmers, more specifically the women engaged in farming activities.
“UN Women will remain committed through AFC and the Governor’s office to ensure that the lives of women in Kitui are enhanced more so in farming and beekeeping, it’s our sole responsibility.”

Agricultural Finance Corporation Board Chairman Franklyn Bett pledged the corporation’s commitment to enhance the lives of farmers in the county.

Further, he called on the County Government to set up a robust marketing strategy for the county’s farm products.

“AFC is steadfast to offer financial solutions for the county farmers, on the county government’s side, a proper marketing strategy should be put in place for the production of this county. It’s paramount.” Bett said.

Most farmers in the country prefer the corporation loans that are fast in processing, have a lower interest rate of 10% interest compared to the bank’s 13% and have a flexible repayment period.

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