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Cheap Loans For Coffee Farmers Start Next Month

From: standardmedia.co.ke

Smallholder coffee farmers will start accessing loans from the Sh3 billion revolving kitty that is part of the measures by the State to revive the industry.

Coffee was once a key foreign exchange earner, but has declined over the years.The New Kenya Planters’ Cooperative Union (KPCU), which will manage the kitty, said it has already received Sh2.7 billion from the National Treasury as part of the Coffee Cherry Advance Revolving Fund.It is now waiting for Treasury to gazette the regulations that will operationalise the fund. The regulations are a key requirement under the Public Finance Management Act for the rollout of the funds.

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