Farmers in Nyanza and some parts of Rift Valley regions are poised to realize enhanced productivity, following partnership between agro-stockists and a credit provider.
Lack of funds, late planting and crop failure among others, will be a thing of the past, since the farmers will access credit from Avenews, a sector–based financial institution, to procure the farm inputs through Enochem stockyst.
Speaking to over 200 agro stockists in Kisii Town who hailed from Kisii, Nyamira, Migori and Bomet counties, Avenews Director Emmanuel Mbugua said his institution was committed to promoting them financially.
Mbugua added that the could apply digitally to access the credit of procuring the agro products for distribution to the stockists and farmers.
He explained the move was prompted by cash flow challenges noticed with the stockists.
The institution’s head of sales, Faith Mwirigi, assured the stockists on the safety of data collected from them, clarifying it was meant to improve the agribusiness sector.
An agro-businesswoman at Nyachenge in South Mugirango, Nancy Angwenyi, hailed the financial institution for availing credit services to her whenever she was pressed with farmers’ needs.
According to her, the credit repayment had flexible terms extending to one month.
