This includes everyone from livestock and crop farmers who need funds to develop land and purchase equipment, to entrepreneurs in other segments who require lending to access technology.
The
AFC, which expects to receive ISO certification by June 2011 according to managing director Zakayo Mekenye Magara, operates under the auspices of the Ministry of Agriculture with collaboration from the Ministry of Finance, both key ministries under the economic pillar of Kenya’s Vision 2030. Nevertheless, the corporation operates as such, lending at a rate of 10 per cent per annum in order to encourage a business culture and to build up a portfolio that will in turn help other farmers.
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