Relief for tea farmers as KTDA unit cuts lending rates

Workers pick tea leaves at a farm in Nyeri town on February 8, 2021. PHOTO | JOSEPH KANYI | NMG

Tea farmers will, from today (Wednesday) access loans at eight percent interest rate from the Greenland Fedha, a fully owned subsidiary of Kenya Tea Development Agency (KTDA).

Growers have been getting loans from microfinance at interest rates of up to 21 percent, which is higher than the 12 percent that commercial banks charge.

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