Kenya farmers step up demand for agriculture finance

Jan 18, 2011

Demand for agriculture finance among small Kenya farmers is growing at the fastest-ever pace, microfinance providers have noted.

Business Daily reports Kenya Livestock Finance Trust (K-Lift) saw loan applications from smallholder farmers rise 300 per cent between 2009 and 2010, with the majority (80 per cent) of the loans going to poultry and dairy farmers, or operators of agro-vetinary shops.

Lucy Oguto of K-Lift noted regional farming trends - such as fish rearing in Meru - are becoming more evident due to the wide range of credit options that are available.

Those who want to apply for agriculture finance under K-Lift's various programmes need to have been in existence for at least six months and hold registration with the Social Services Ministry, the news source noted.

K-Lift, which was established in 1994 as the Kvaps Trust, states on its website that the main aim of its service "is to lift Kenyans out of poverty through animal resources".