Nairobi, Jan. 5 -- Farmers across the country are increasingly seeking financial support directly from their customers, friends, and family members to fund their agricultural activities, bypassing commercial banks, Saccos, and government-backed financial schemes like the Hustler Fund.
According to a latest survey by the Central Bank of Kenya (CBK) for November, many farmers are turning to informal credit sources, pointing to a dramatic shift in borrowing patterns.
The survey revealed that 18 percent of farmers in November opted for loans from buyers of their produce, such as milk and coffee.
This marks a sharp rise from zero percent in September, indicating a growing reliance on customer-based credit.
"Borrowing from friends and famil...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.