The Agricultural Finance Corporation invites residents of Busia County and other neighbouring counties to a farmers field day to be held in Butula Sub County; at the Butula Polytechnic on Friday, 10th June 2016. The event will commence at 10am. It shall be graced by the Area MP, Hon. Michael Onyura. Other invited guests include Busia County Government officials, MCAs amongst others.
The Agricultural Finance Corporation (AFC) is a wholly owned Government Development Finance Institution (DFI) mandated to provide credit for the sole purpose of developing agriculture.The Corporation offers short, medium and long-term finance and currently has six (6) regional offices and forty-four (44) branches across the country.
Due to the growing performance pressure and significant demand for credit in the country, AFC is in the process of transforming into an Agro Bank which is poised to be the first of its kind in the region.
Friday’s farmers’ field day in Butula seeks to offer a platform where farmers get to know of the Corporation’s wide range of products. The farmers shall have occasion to learn about AFC’s loan repayment schedules, procedures, security requirements as well as interest rates. The corporation will also use the event to officially hand over a five million shilling cheque to the Butula FSA Sacco. These funds shall be used by the Sacco for onward lending to its members within Butula sub-county.
You are all invited to learn about the opportunities available in Agricultural Financing.