Coffee farmers wary of Sh3 billion bailout - News Summed Up

Coffee farmers wary of Sh3 billion bailout


Coffee farmers taken through a session by an agriculture extension officer during the farmers' field day in Nyeri on April 29, 2020. [File, Standard]A Sh3 billion revolving fund re-established by the national government to heal the ailing coffee sub-sector has been met with resistance from farmers. Mr Munya recently told coffee farmers at the county headquarters that the government is ready to advance a 40 per cent upfront funding through a revolving fund. As farmers, you can choose to take up the credit or not,” Munya told off the farmers. Yesterday, chairman of Kiambu Coffee Growers Association Francis Mara, whose association comprises 23 coffee societies, questioned the sincerity of Munya's bailout plans, which he said will put many coffee farmers at financial risk.


Source: Standard Digital July 03, 2020 06:22 UTC



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