Corruption and wastage blight cheap credit dream for farmers

Small-scale farmers produce up to 80 per cent of the food supply in Africa. [iStockphoto]

Soon after independence in 1963, the new government of Mzee Jomo Kenyatta formed the Agricultural Finance Corporation (AFC), a farmer-focused development finance Institution.

The corporation aimed to finance small-and large-scale producers, processors, and service providers in the agriculture and livestock sectors throughout the country to boost food security for the fledgling economy.