Agricultural Sector Development Support Program phase two (ASDSP II) has today held a Linkage meeting for Innovation Priority Value Chain Actors (PVCAs) and Financial Service Providers(FSP).
The meeting aimed at encouraging farmers to move from the culture of relying on grants which don’t last long and adapt to borrowing loans from financial and microfinance institutions.
According to the heads and representatives of the institutions, apart from giving agricultural loans, they also offer financial training, entrepreneurship training, mentorship, and equipment where necessary to improve the farmer’s value chains.
The County Project Coordinator Dr. Mary Muema urged farmers to use this opportunity to not only focus on loans but to also insure themselves, their farms, and their businesses Incase of calamities. She added that this will contribute to the transformation of crop, livestock, and fisheries production into commercial-oriented enterprises that ensure sustainable food and nutrition security which is the main goal of the program.
Some of the financial institutions present were Equity Bank Kenya, Absa Bank Kenya, Rafiki Microfinance Bank, and Step & Fly Microfinance