Farmers borrow Sh300m from coffee fund in 2 months

Chelugui

SMEs Cabinet secretary Simon Chelugui. FILE PHOTO | NMG

Farmers have received Sh300 million worth of low-cost loans from the revolving coffee cherry fund in the last two months, marking one of the highest absorption rates since the kitty was started three years ago.

Co-operatives Cabinet Secretary Simon Chelugui said the increase in uptake is attributed to more public awareness of the funds and the easing of stringent requirements that had previously barred farmers from accessing the Sh2 billion kitty.

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