An agricultural financing company has made available Sh130 million for borrowing by small-holder farmers in Uasin Gishu County.
Apollo Agriculture, which has been financing small-scale farmers in the Eastern and Rift Valley regions, announced the funding after signing a partnership deal with Uasin Gishu County.
The firm aims to finance farmers who own between half an acre and three acres – a category that is often neglected by banks.
At least 6,000 small-holder farmers in Uasin Gishu secured loans during the 2020 season.
Apollo Agriculture co-founder Benjamin Njenga said the financing deal would help farmers obtain quality seeds, fertiliser and insure their crop.
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“In our first season this year alone, Apollo has already financed over 6,000 small-holder maize farmers in Uasin Gishu County with a total of 8,350 acres under production,” Njenga said.
Uasin Gishu County Executive Member for Agriculture Samuel Yego lauded the deal, noting that financing has been a challenge to small-scale farmers, particularly the youth and women willing to venture into the sector.
Apollo Agriculture official Gladys Magut said they would expand to Elgeyo Marakwet and Baringo counties.