Peasant farmers lag as Kenya’s financial inclusion gathers pace

Small-scale farmers in Kakamega County. FILE PHOTO | NMG

Despite the strong presence of mobile money in rural areas, most farmers remain financially excluded and are often at the bottom of the economic pyramid.

Despite the fact that they are the ones most likely to need financing for their core economic activities and earn a living, they are perceived as high risk and prone to loan defaults as they lack financial history, fresh GSMA agri-tech study shows.

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