Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
An audit on the Agricultural Finance Corporation (AFC) has revealed systemic mismanagement, fraud, and operational failures that could cost taxpayers and farmers hundreds of millions. The findings, released by Auditor General Nancy Gathungu, paint a picture of a government agency in disarray, struggling to recover loans, manage payroll, and safeguard public funds. The review, covering…
President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….
Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC projecting to reach out…
Over 70,000 farmers have benefited from loans worth Ksh 1 billlion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC projecting to reach out…
By Sacco Review reporter Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC…
