Disbursements to farmers from the Coffee Cherry Advance Revolving Fund (CCARF) have hit Sh6.7 billion, new data shows, indicating a sustained thirst for cash among growers hit by shaky earnings from the once vibrant sub-sector.
Data from the New Kenya Planters Cooperative Union (New KPCU), which administers the multi-billion-shilling fund, shows that by the end of last week, 497,221 farmers had borrowed Sh6.7billion—marking a six-fold increase in the value of cash disbursed since November last year when some Sh1.1 billion was dispensed after the Cabinet approved a fresh Sh4 billion injection into the kitty.
