- Agricultural loans rise to Ksh25.04 billion in Q2 2026
- Animal production lending jumps nearly 45% year on year
- Crop farming remains the largest agricultural lending category
Farmers borrowing from Kenya’s Saccos saw sharply higher access to credit in the second quarter of 2026, with loans for animal production climbing close to 45% year on year, according to SASRA’s latest sectoral lending data.
Total agricultural credit disbursed by regulated Saccos reached Ksh25.04 billion in June 2026, up 19.79% from Ksh20.90 billion a year earlier. That growth outpaced most other lending categories in the sector, and it came after a dip earlier in the year, when agricultural credit had fallen to Ksh18.70 billion in March before rebounding sharply.
Loans for animal production climbed to Ksh10.56 billion in June 2026, up from Ksh7.31 billion in the same month last year. That works out to growth of nearly 45%, making it by far the fastest growing agricultural sub-sector over the period.
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Crop farming, by contrast, grew more modestly. Loans in this category rose to Ksh11.82 billion in June 2026 from Ksh10.87 billion a year earlier, an increase of roughly 8.7%. Crop farming still holds the largest share of agricultural lending overall, though animal production is closing that gap at pace.
Smaller categories pull in different directions
Agricultural supporting services, a category covering services that assist farming operations, fell to Ksh1.27 billion in June 2026 from Ksh1.47 billion a year earlier, a decline of about 13.6%. Agribusiness lending slipped only marginally, down to Ksh0.93 billion from Ksh0.95 billion.
Forestry and logging recorded the steepest drop among agricultural sub-sectors, falling to Ksh0.46 billion in June 2026 from Ksh0.69 billion in June 2025, a decline of roughly a third. Even so, the category remains the smallest contributor to overall agricultural credit, so the swing has limited bearing on the sector’s broader trajectory.
By Benedict Aoya
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