September 27

UN- Kenya has Allocated $134 Million to Improve Farmers’ Access

By  Ntirenganya Christella

Kenya and the International Agricultural Development Fund (FIDA), a specialized agency of the United Nations, on Thursday established a US$134.05 million fund aimed at improving access to finance for smallholder farmers.

Chris Kiptoo, Principal Secretary to the National Treasury and Economic Planning, said that the Kenya Rural Financial Inclusion Facility Project (RK-FINFA) would better mobilize resources from private financial institutions and partner development institutions for allocation to the agricultural sector.

Photo courtesy of CIAT.

Source: Region Week (link opens in a new window)

Agriculture, Finance
financial inclusion, lending, smallholder farmers