This is just about 10 per cent of the Sh3 billion set aside for lending to farmers through the Coffee Cherry Advance Revolving Fund. The Fund, which gives credit to coffee farmers against their produce at an interest rate of 3 per cent, is administered by the New Kenya Planters’ Cooperative Union (KPCU). Agriculture Cabinet Secretary Peter Munya said the ministry was considering reviewing the regulations surrounding the Cherry Fund for it to benefit coffee farmers more. Read MoreHe said the review would incorporate additional services to the fund, including enabling farmers to access inputs such as fertilisers on credit. “We want it to remain a revolving fund to help stabilise the sector, but also look into more ways it can help even as it continues to help farmers access credit.

Source: Standard Digital March 30, 2021 06:45 UTC