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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 on Thursday, Governor Ngilu  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 farmers of  Kitui  will  kick  poverty out of  their lives, I am  sure  AFC will be part  of  this journey,” said the Governor.

On  her part, the  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 bee keeping being our sole responsibility,” said Fueg.

The  AFC  Board Chairman, Franklin  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 famers, on the county government’s side; a proper marketing strategy should be put in place for the produce of this county. It’s paramount,” Bett said.

Most  farmers in the country prefer the corporation’s loans because they are fast in processing, have a lower interest rate of 10 percent compared to the commercial banks’ 13 percent and have a flexible repayment period.

By  Yobesh  Onwong’a

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