Sigh of relief as AFC extends loan repayment periods
At least farmers and herders, especially those in arid and semi-arid areas can now breath a sigh of relief after Agricultural Financial Corporation (AFC) agreed to extend loan repayment terms
According to AFC Chairman, Franklin Bett,, the decision is based on weather uncertainties that led to farmers incurring huge loses and thus unable to repay loans in the stipulated timelines.
His sentiments were echoed by former National Assembly Speaker Francis Ole Kaparo who cited Laikipia which is largely arid and semi-arid area and farmers and herders as one of the regions that had been adversely affected by drought making it difficult to meet their loans repayment period on time.
He questioned why the region was sidelined by the national government in classifying counties like those in need of relief food. “Laikipia borders Isiolo, Baringo and Samburu which are in the same ecosystem and I am wondering why it was sidelined among the 13 counties,” Kaparo.
The former speaker said he supported repaying of the loans by farmers, noting that at times crops and livestock are affected by bad weather and are unable to pay in time.
other leaders who attended included Governor Ndiritu Muriithi who also urged farmers to approach agriculture as a business, adding that they should embrace irrigation noting.
“Laikipia in a period of two years, it has moved from 250 hectares to 3,750 hectares under irrigation which is an increase of over 14 times showing that the county had potential if farmers were trained on the best irrigation practices,” the governor said.
The two-day training for farmers was done by AFC’s Women Affirmative Access Window (WAAW) in conjunction with the UN Women Kenya, targeted farmers in Meru, Laikipia Nyeri and Nyandarwa counties.
Hits: 0https://farmerstrend.co.ke/sigh-of-relief-as-afc-extends-loan-repayment-periods/https://i0.wp.com/farmerstrend.co.ke/wp-content/uploads/2019/06/Small-scale-farmers-1.jpg?fit=696%2C464&ssl=1https://i0.wp.com/farmerstrend.co.ke/wp-content/uploads/2019/06/Small-scale-farmers-1.jpg?resize=150%2C150&ssl=1#TrendingFarming News(AFC) At least farmers and herders, especially those in arid and semi-arid areas can now breath a sigh of relief after Agricultural Financial Corporation (AFC) agreed to extend loan repayment terms According to AFC Chairman, Franklin Bett,, the decision is based on weather uncertainties that led to farmers incurring huge loses...MalachiMalachi Motanomotanomalachi@gmail.comAuthorMalachi Motano is a Nairobi based Journalist who writes on matters of Science (Health, Agriculture, environment, climate change and education) with more than ten years experience on different media platforms ranging from Newspapers, radio and TV stations, again on different capacities thus as a News Stringer, contributor to staff reporter, editor, producer and anchor. He can be reached at email@example.comFarmers#Trend