Most farmers
dont know that The Agricultural Finance Corporation (AFC), a wholly owned
Government Development Finance Institution (DFI),mandated to provide credit for
the sole purpose of developing agriculture. with farmer friendly rates and
repayment periods. This are the available loans.
1.SCHOOL BASED
Loan Description
Loans to
Primary, Secondary & Tertiary intuitions to undertake school farming. Aim
is to subsidize the cost of school feeding. Supporting Self- Sufficiency in
Schools
Loan Specification
Items Financed
*Crop &
Livestock production
*Farm
Machinery & infrastructure
*Agribusiness
*Horticulture
*Value
addition amongst others
Features
*Payment
period between 1-5 years
*Affordable
interest rates
*Flexible
security
Requirements
*Proposal
for intended project
*Open a Vuna
relationship account with AFC
*Adequate
land size for the intended project
2. SEASONAL CROP CREDIT
Loan Purpose
These are
loans that are provided for the production of maize, wheat, potatoes, rice and
other foods crops that have maturity of not more than 12 months. Production
costs for these food crops is high because of ever rising cost of inputs such
as seeds, fertilizer, chemicals and land preparation. This credit facility is
aimed at assisting farmers acquire the inputs and ultimately boost
productivity. Yet, there is always a ready market for cereals, being a staple
national food.
Loan Specification
·
Items Financed
·
Production Cost
·
Harvest Cost
Features
·
Repayment period of upto 12 months
·
Designed for individuals and groups
Requirements/Eligibility
·
suitability of the crop
·
Tangible security to the loan
·
Minimum acreage is 5 acreas for maize and wheat
only.
3. WATER DEVELOPMENT
Loan Purpose
These are
loans intended for water infrastructure for irrigation and livestock use. This
product is borne out of the realization that irrigated-based farming is still
very limited in the country, yet this is the surest way to militate against the
vagaries of weather such as the frequent droughts that leads to crop and animal
loss. A farmer who ventures into horticulture, for instance, would need a
permanent water supply to assure of sustained production. The arable land that
is currently underutilized can be put to agricultural use through availing
water and associated irrigation facilities.
Loan
Specification
Items Financed
Water tanks
and troughs, Shallow wells, Boreholes.
Pumps, Pipes
and connections, Irrigation equipment, Farm dams, Labor, Transportation related
to installations.
Features
·
Availability of suitable and adequate water
catchment
·
Provision of water permits by the necessary
water authorities
·
Water test certificate for quality and quantity
in case of bore hole
Requirements/Eligibility
·
Suitability of the of the crop
·
Tangible security for the loan
·
Minimum acreage financed is 5 acres for maize
and wheat only.
4. CASH CROP
Loan Description
The credit
facility for cash production of tea, coffee, Sugarcane, pyrethrum, cashew nuts,
citrus, mango trees, bananas, stevia and other cash crops.
Loan
Specification
Items Financed
·
Crop establishment,Crop maintenance.
·
Processing equipment,Operating costs
Features
·
Repayment of 2-5 years with annual instalments
·
Designed for individual & groups
Requirements/Eligibility
·
Tangible security for the loan
·
Appropriate and approved crop varieties
·
Availability of processing facilities within
reasonable distances.
5. Machinery
Loan Purpose
This loan is
for the purchase of farm machinery to facilitate production and transportation
of farm produce. This is a direct response to the low uptake of technology and
mechanized agriculture that continues to negatively impact on productivity
levels. Apart from the convenience, increased mechanization and yields, an
individual who comes for this loan product is assured of getting extra revenues
from their farm machinery through hiring out to those who don’t have it.
Loan
Specification
Items Financed
·
Farm machinery and implements
·
Pick-up and truck for transport of farm produce
Requirements/Eligibility
·
Machinery/vehicle to be registered jointly with
AFC
·
Applicant to sign a blank transfer form to be
deposited with the Corporation together with log book
·
Machinery to be insured with comprehensive
insurance cover
·
Minimum deposit of 30% of net purchase price for
new machinery and 50% deposit for reconditioned machinery
·
Provide a written quotation from reputable
suppliers
·
Machinery/ vehicle brands with high resale value
are encouraged
6.
Agribusiness
Loan Purpose
These are
loans designed to benefit agri-business traders. It is meant to provide
start-up capital for those seeking to start, or are engaged in agricultural
microenterprises. There exist huge opportunities for the youth in agricultural
micro and small medium enterprises across the value chain. Thus, beneficiaries
of this loan facility will engage in wealth creation and for those unemployed,
resolve their unemployment challenges.
Loan
Specification
Items Financed
Traders,
Transporters, Marketers and Processors farm produce.
Features
·
Designed for individual & groups
·
Repayment period up to 3years
·
Interest rate is 15% per annum
Requirements/Eligibility
·
Viability of the business
·
Tangible security for the loan
·
20 % equity contribution towards the project
8. VUNA ACCOUNT
Account Description
A
transaction account designed for groups and individuals in agricultural related
enterprises such as farmers, traders and suppliers of agricultural inputs.
Despite the fact that Kenya has a relatively well developed financial system, a
majority, especially farmers remain without banks accounts to transact their
financial needs. This is the gap that the Vuna Account is designed to bridge
since it is available in all our branches across the counties. Farmers can also
build savings to be used as collateral in securing loans.
Vuna Specification
Requirements
*Registration
certificate (for Groups)
*Passport
size photo for the officials/individuals
*Copies of
national identity card and PIN certificate (group official)
*Group
by-laws and a resolution to open the account.
*Opening
amount- Kshs.500 for individuals and Ksh. 2,500 for Self groups or Partnerships
Benefits
*Easy to
open and operate.
*Accessible
in all our branches.
*Affordable
withdrawal fee.
*Free
quarterly account statement.
*No
withdrawal limit.
9. STAWISHA GROUP
Loan Description
A
micro-credit facility targeting groups trading in agricultural produce and
agricultural inputs particularly the youths and women who have no tangible
security to secure credit. Stawisha Group Loan is in 3 levels which will allow
groups to access a higher amount as they successfully grow their business.The
challenges facing this target group, such as unemployment and poverty can be
addressed by accessing funding and engage in enterprises across the
agricultural value chain.
Loan
Specification
Features
*Loan amount
range from Ksh. 5,000 - Ksh.1,000,000
*Repayment
period from 12 -36 months
Requirements
*Active
group undertaking Agricultural related activities
*Vuna
Account holder.
*Minutes
from the group stating the resolution to borrow the loan.
*Guarantee-by
group members and group officials.
*15%
interest per annum
Benefits
*Flexible
security -group guarantee and group savings.
*Affordable
interest
*Flexible
repayment period
*Opportunity
to graduate to the next level of credit scheme
*Fast
processing
10. LIVESTOCK & FISHERIES
Loan Purpose
These are
loans for livestock and fisheries production. The livestock sector contributes
about 12% of Kenya’s Gross Domestic Product, 40% to the agricultural GDP and
employs 50% of agricultural labor force. Thus, it is an area with huge
potential for individuals to invest in as a business
Loan
Specification
Items Financed
Dairy and beef production.
Sheep and
goat production, Bee keeping, Piggery and poultry product, Working capital,
Fish production
Features
·
Repayment period 2-5 years at annual instalments
·
Designed for individual & groups
Requirements/Eligibility
·
Tangible security for the loan
·
Suitability of the project
·
Experience in the enterprise Livestock &
Fish production
11. HORTICULTURE & FLORICULTURE
Loan Description
These are
loans to finance horticultural and Floricultural projects
Loan Specification
Items Financed
*Fruits,
vegetables and flowers
*Green
houses and related equipment.
*Water and
electricity supply systems.
*Harvesting
and packaging equipment .
*Labour and
other operational costs.
*Working
capital
Features
*Repayment
period 2-5 years at annual instalments
*Designed
for individual & groups
Requirements
*Relevant
experience in floriculture & horticulture
*Compliance
with regulatory requirements
*Adequate
water supply
All they need is a good professional business proposal, securities, proper farm plan and access to utilities like water, any relevant approval if needed and farmers experience in th sector or plan to use an expert. dont leave your farm idle apply for this loans and farm.
If you need a good business proposal talk to me nicklykipkorir@gmail.com or call/whatsapp +254729379092 or skype id: nicklykipkorir
AFC BRANCHES
EASTERN REGION
Branch Name
|
Address
|
Contact Details
|
Kiambu
|
Kiambu Rd
P.O BOX 285-00900 |
Tel:+254-705-318963
Afckiambu@agrifinance.org |
Wote
|
Ngei Rd P.O.Box
282-90300
|
Tel: 020-2675807 Afcwote@agrifinance.org
|
Kajiado
|
Main Town Rd
P.O.Box 63-01100
|
Tel:
+254-729-630066 Afckajiado@agrifinance.org
|
Ngong
|
Ngong-Kiserian Rd
P.O.Box 46-00208
|
Tel:
+254-723-919321 Afcngong@agrifinance.org
|
Machakos
|
Ngei Rd P.O.Box
332-90100
|
Tel:020-2624249 Afcmachakos@agrifinance.org
|
Loitokitok
|
Elassit Rd
P.O BOX 71-00209 |
Tel:+254-717-628628
Afcloitokitok@agrifinance.org |
Development House
|
Tom Mboya Street
P.O BOX 30367-00100 |
Tel:020-3317199,
020-2512894 Afcdevelopmenthse@agrifinance.org |
CENTRAL RIFT REGION
Branch Name
|
Address
|
Contact Details
|
Bomet
|
Sotik-Narok Rd
P.O.Box 368-20400.
|
Tel:+254-773-554362 Afcbomet@agrifinance.org
|
Molo
|
Njoro-Molo Rd
P.O.Box 228-20106.
|
Tel:020-2172732 Afcmolo@agrifinance.org
|
Naivasha
|
Kariuki Chotara Rd
P.O.Box 220-20117.
|
Tel:050-2020463 Naivasha@agrifinance.org
|
Kericho
|
Temple Rd P.O.Box
101-20200.
|
Tel:+254-775-798906 Afckericho@agrifinance.org
|
Eldama-Ravine
|
Maji Mazuri Rd
P.O.Box 58-20103.
|
Tel:+254-774-496380 Afcravine@agrifinance.org
|
Nakuru
|
Kijabe Rd P.O.Box
1057-20100.
|
Tel:+254-711-362775 Afcnakuru@agrifinance.org
|
Kabarnet
|
Kabarnet-Eldoret Rd
P.O.Box 300-304000.
|
Tel:+254-705-659272 Afckabarnet@agrifinance.org
|
Narok
|
Nairobi-Narok Rd
P.O.Box 76-20500.
|
Tel:+254-770-567277,
+254-770-433171 Afcnarok@agrifinance.org |
NYANZA/WESTERN REGION
Branch Name
|
Address
|
Contact Details
|
Kakamega
|
Elassit Rd P.O.Box
71-00209
|
Tel:020-633695 Afckakamega@agrifinance.org
|
Kisii
|
NCPB House P.O.Box
422
|
Tel:020-8033032 Afckisii@agrifinance.org
|
Migori
|
Administration Rd
P.O.Box 392 -40100
|
Tel:020-2352075 Afcmigori@agrifinance.org
|
Kisumu
|
Oginga Odinga Rd
P.O.Box 420 - 40100
|
Tel:+254-700-015609 Afckisumu@agrifinance.org
|
Bondo
|
Off Bondo-Usenge
Rd(Along Main Entr to Bondo Town)
|
P.O BOX 245-40601
Tel:057-2512452 Afcbondo@agrifinance.org |
Bungoma
|
NCPB Depot
P.O BOX 6-50200 |
Tel:020-2669796
+254-718867913 Afcbungoma@agrifinance.org |
Kilgoris
|
Agriculture House
P.O BOX 46-40700 |
Tel:+254-717-628628
Afckilgoris@agrifinance.org |
Oyugis
|
Oyugis-Kisii Rd
Tel:020-2351977 |
Tel:+254-712-781187,
+254-727-821440 Afcoyugis@agrifinance.org |
COAST REGION
Branch Name
|
Address
|
Contact Details
|
Kilifi
|
Near KCB
|
Tel:+254-772-125313 Afckilifi@agrifinance.org
|
Ukunda
|
Mombasa-Lunga Lunga
Rd
|
Tel:+254-772-561510
Afcukunda@agrifinance.org |
Bura
|
NIB Offices
P.O BOX 52 Bura-Tana |
Tel:+254-717-806016 Afcbura@agrifinance.org
|
Mpeketoni
|
Opp.Kenyatta
Primary Rd
P.O BOX 109-80503 |
Tel:+254-701-867478,
+254-775-243192 Afcmpeketoni@agrifinance.org |
Hola
|
NIB Offices
P.O BOX 5 Hola-Tana |
Tel:0717-806016
Afchola@agrifinance.org |
NORTH RIFT REGION
Branch Name
|
Address
|
Contact Details
|
Eldoret
|
Eldoret-Unga Rd
P.O.Box 827-30100.
|
Tel:053-2061432 Afceldoret@Agrfinance.org
|
Kitale
|
Makasembo Rd
P.O.Box 403-30200.
|
Tel:+254-786-629946 Afckitale@agrifinance.org
|
Kapsabet
|
Opposite Post
Office P.O.Box 301-30300.
|
Tel:020-2320309 Afckapsabet@agrifinance.org
|
Turbo
|
Uganda Rd P.O.Box
301-30300.
|
Tel:+254-711-444149 Afcturbo@agrifinance.org
|
Ziwa
|
Sirikwa Center
P.O.Box 8 Ziwa
|
Tel:+254-712-353974 Afcziwa@agrifinance.org
|
Iten
|
Off Iten-Kapsowar
Street
P.O BOX 454-3070 |
Tel:+254-773-568265,+254-772-958248
Afciten@agrifinance.org |
MOUNT KENYA REGION
Branch Name
|
Address
|
Contact Details
|
Nyeri
|
Bondeni Rd P.O.Box
242
|
Tel:
+254-771-281498 Afcnyeri@agrifinance.org
|
Thika
|
Karanja Street
P.O.Box 1345
|
Tel:
+254-733-865181 Afcthika@agrifinance.org
|
Muranga
|
Huru Highway
P.O.Box 65
|
Tel:020-2316799,
+254-721-949749 Afcmuranga@agrifinance.org |
Meru
|
Meru-Makutano Rd
P.O.Box 47
|
Tel:+254-720-978382 Afcmeru@agrifinance.org
|
Embu
|
Nairobi-Embu Rd Kfa
Building P.O.Box 125
|
Tel:+254-703-125304 Afcembu@agrifinance.org
|
Nyahururu
|
Nyeri-Nyahururu Rd
Rd P.O.Box 276
|
Tel:065-2032223,
020-2023856 Afcnyahururu@agrifinance.org |
Kerugoya
|
Kirinyaga Building
Rd P.O.Box 104
|
Tel:Tel:+254-770-354963,
+254-774-354963 Afckerugoya@agrifinance.org |
Nanyuki
|
Bidha Bora Rd Rd
P.O.Box 257
|
Tel:051-8010937 Afcnanyuki@agrifinance.org
|
Karatina
|
Industrial Area Rd
P.O.Box 382 |
Tel:061- 4572008,
061-2302254 Afckaratina@agrifinance.org |
Chogoria
|
Meru Kaveche Rd
P.O BOX 481-60401 |
Tel:+254-770-012356
Afcchogoria@agrifinance.org |
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