More farmers ditch Hustler Fund for bank, sacco loans

The Central Bank Of Kenya.

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More farmers continue ditching the State’s Hustler Fund and digital lending alternatives such as Fuliza in favour of banks and savings and credit cooperatives (saccos) to finance agricultural activities, a new Central Bank of Kenya (CBK) survey shows, encouraged by lower interest charges.

The survey showed that the proportion of farmers who tapped credit from the Hustler Fund dropped to a low of nine percent last month.

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Note: The results are not exact but very close to the actual.