AFC disburses Shs19.91 Billion to farmers as livestock sector takes bigger share
Agricultural Finance Corporation (AFC) has disclosed since January 2022, it has advanced Sh19.91 billion to more than 218,000 beneficiaries across Kenya, driving food security, agribusiness growth, and rural economic development.
Key Highlights of the Disbursement
- Livestock Farming Leading with Sh8.95 billion (47.5% of AFC’s total direct retail lending).
- Seasonal Crop Production: Sh3.10 billion (16.5% of total retail portfolio).
- Agribusiness Ventures: Sh1.63 billion.
- Permanent Crop/Horticulture Farming: Sh1.42 billion.
- Agro-processing & Land Purchases: Over Sh1 billion combined to expand operations and boost market competitiveness.
Funding Feed security initiatives stabilize the livestock feed sector and counter drought-related food security challenges.
Through strategic partnerships, including the Rural Kenya Financial Inclusion Facility (RK-FINFA), we continue to channel low-interest wholesale financing through SACCOs and microfinance institutions to reach farmers across every corner of Kenya says AFC.
Funding farmers to acquire top-tier genetics is an essential strategy for improving livestock productivity and climate resilience.
"We remain committed to transforming agriculture into a vibrant, commercially driven, and resilient sector".
