KTDA farmers borrow Sh7.5bn in six months

Kenya Tea Development Agency Ltd board addressing the press at their offices. PHOTO | SILA KIPLAGAT | NMG

Tea growers have received Sh7.5 billion in loans in six months from the Kenya Tea Development Agency (KTDA) subsidiary Greenland Fedha Limited.

The microfinance cut its interest rate to eight percent in December 2021, down from the 21 percent it was charging, saving farmers Sh500 million during the period, the lender said.

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