Agricultural Finance Corporation – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Audit uncovers deep financial rot at Agricultural Finance Corporation

Sacco ReviewAugust 14, 2025August 14, 202504 mins

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…

Over 70,000 farmers receive Ksh1B from AFC’s credit scheme for women

Sacco ReviewApril 11, 2023April 11, 202307 mins

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…