× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Sacco extends loan period for farmers

By Joseph Muchiri | Jan 13th 2020 | 1 min read
By Joseph Muchiri | January 13th 2020

A Sacco in Embu County has reviewed the loan repayment period for tea farmers from one to two years.

The move, County Sacco Society said, is expected to ease the burden of repayment following a low bonus payout to tea growers last year.

The Sacco, whose membership is mostly made up of farmers, said the new move would forestall rise in default rates. 

“Many farmers haven’t been able to pay back loans following a decrease in tea bonuses,” said Marketing Manager Lenny Muchangi during a members forum at Kanja Market at the weekend.

Share this story
Austerity throws plan to train a million youths off course
Online jobs: The much-hyped Ajira Programme has run into headwinds
China rejected Kenya's request for Sh32.8b debt moratorium
China is Kenya’s largest bilateral lender with an outstanding debt of Sh692 billion.