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Nakuru county

Kenya signs deal on subsidized farm inputs

The Nakuru county government has inked a deal with One Acre Fund and Apollo Agriculture, intent on creating financing and providing subsidized farm inputs to over 4,000 small holder farmers within the unit.

The agreement between One Acre Fund, an American Non-Governmental Organization, Apollo Agriculture, a local agricultural financing company and governor Lee Kinyanjui's administration hopes to finance farmers who own between half an acre and three acres a category that is often neglected by banks.

One Acre Fund Government Relations Team Lead, Koome McCourt, told farmersreviewafrica.com that the beneficiaries will be receiving loans in form of farm inputs that will include seeds, fertilizer and insurance to help cushion them from negative effects of climate change. According to McCourt, the organization has already provided Sh41 million worth of farm inputs to farmers in Nakuru County during the past nine months.

 

Photo source: Dreamstime.com


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