This is a list of Agricultural Finance Corporation (AFC) loan products. AFC is a Development Finance Institution that is wholly owned by the Government of Kenya. It was established in 1963 as a subsidiary of the then Land and Agricultural Bank.
It was later incorporated as a full-fledged financial institution in 1969 under the AFC Act (Cap 323 of the Laws of Kenya). It has over the years grown to become the leading government credit institution, mandated to provide credit particularly for the sole purpose of developing agriculture.
Here is a list of loan products offered by the Agricultural Finance Corporation.
1. Machinery
AFC offers this loan for the purchase of farm machinery which facilitate production and transportation of farm produce.
Features
- It is designed for individuals and groups
- Repayment period is 2-5 years with annual installment
Items financed
- Farm machinery and implements
- Pick up and truck for transport of farm produce
Requirements/Eligibility
- Provide a written quotation from reputable suppliers
- Machinery/vehicle to be registered jointly with the corporation
- Machinery to be insured with comprehensive insurance cover
- Minimum deposit of 30% of net purchase price for new machinery and 50% deposit for reconditioned machinery
2. Agribusiness
This loan product is designed to benefit agribusiness traders,particularly to provide start up capital for those seeking to start or are engaged in agricultural micro-enterprises.
Features
- Designed for individuals and groups
- Repayment Period of up to 3 years
- Interest rate is 10% per annum
Items financed
- Traders, transporters, marketers and processors of farm produce
Requirements/Eligibility
- Viability of the business
- Tangible security for the loan
- 20% equity contribution towards the project
3. Livestock and Fisheries Development
These are loans meant for livestock and fisheries production.
Features
- Repayment period of 2-5 years at annual installments
- Designed for individuals and groups
Items financed
- Dairy and beef production
- Sheep and goat production
- Bee keeping
- Piggery and poultry product
- Working capital
- Fish production
4. Cash Crop
AFC offers this credit facility for cash production of tea, coffee, sugarcane, pyrethrum, cashew nuts, citrus, mango trees, bananas, stevia and any other cash crops.
Features
- Repayment of 2-5 years with annual installments
- Designed for individual and groups
Items financed
- Crop establishment, crop maintenance
- Processing equipment, operating costs
Requirements/Eligibility
- Tangible security for the loan
- Appropriate and approved crop varieties
- Availability of processing facilities within reasonable distances
5. Horticulture & Floriculture Development Loan
These are loans to finance horticulture and floricultural projects.
Features
- Repayment period of 2-5 years with annual installments
- Designed for individual and groups
Items financed
- Fruits, vegetables and flowers
- Greenhouses and related equipment
- Water and electricity supply systems
- Harvesting and packaging equipment
- Labour and other operational costs
- Working capital
Requirements/Eligibility
- Relevant experience in floriculture and horticulture
- Compliance with regulatory requirements
- Adequate water supply
6. Water Development Loan
These are loans intended for water infrastructure for irrigation and livestock use.
Features
- Availability of suitable and adequate water catchment
- Provision of water permits by the necessary water authorities
- Water test certificate for quality and quantity in case of bore hole
Items financed
- Water tanks, shallow wells and boreholes
- Pumps, pipes and connections
- Irrigation equipment, farm dams
- Labor, transportation related to installments
Requirements/Eligibility
- Suitability of the crop
- Tangible security for the loan
- Minimum acreage financed is 5 acres for maize and wheat only
7. Seasonal Crop Credit
These are loans provided for the production of maize, wheat, potatoes, rice and other food crops that have a maturity of not more than 12 months.
Features
- Repayment period of up to 12 months
- Designed for individuals and groups
Items financed
- Production cost
- Harvest cost
Requirements/Eligibility
- Suitability of the crop
- Tangible security for the loan
- Minimum acreage is 5 acres for maize and wheat only
8. School Based Loan
These are loans to primary, secondary and tertiary institutions to undertake school farming. The main aim of the loan is to subsidize the cost of school feeding.
Features
- Repayment period between 1-5 years
- Affordable interest rates
- Flexible security
Items financed
- Crop and livestock production
- Farm machinery and infrastructure
- Agribusiness
- Horticulture
Requirements/Eligibility
- Proposal for intended project
- Open a vuna relationship account with AFC
- adequate land size for the intended project
9. Agricultural Finance Corporation and Feed the Future Kenya Crops and Dairy Market Systems Activity Co-financing mechanism
It is a five year (0ctober 2017- September 2022) program of the United States Agency for International Development (USAID). It is funded as part of feed the future and the US government’s global hunger and food security initiative that helps to increase agricultural production and to reduce malnutrition and poverty in Kenya.
List Of Agricultural Finance Corporation Branches
1. Agricultural Finance Corporation Head office
Location: Development House, 7th Floor, Moi Avenue, Nairobi
Contacts: 020-3317199,0788 524 998, 0704 153 773
2. Agricultural Finance Corporation Nyeri Branch
Location: Bondeni Rd, Nyeri Town
Contact: +254771 281498
3. Agricultural Finance Corporation Chogoria Branch
Location: Meru- Kaveche Rd
Contact: +254770-012356
4. Agricultural Finance Corporation Thika Branch
Location: Karanja Street, Thika Town
Contact: +254 733 865181
5. Agricultural Finance Corporation Karatina Branch
Location: Industrial Area Rd
Contact: 061- 4572008, 061-2302254
6. Agricultural Finance Corporation Murang’a Branch
Location: Huru Highway
Contact: 020-2316799, +254 721 949749
7. Agricultural Finance Corporation Nanyuki Branch
Location: Bidhaa Bora Rd
Contact: 051-8010937
8. Agricultural Finance Corporation Kerugoya Branch
Location: Kirinyaga Building Rd
Contacts: 0770-354963, 0774-354963
9. Agricultural Finance Corporation Meru Branch
Location: Meru-Makutano Rd
Contact: 0720-978382
10. Agricultural Finance Corporation Nyahururu Branch
Location: Nyeri-Nyahururu Rd
Contacts: 06532223, 0202023856
11. Agricultural Finance Corporation Embu Branch
Location: Embu RD K.F.A Building
Contact: 0703125304
12. Agricultural Finance Corporation Eldoret Branch
Location: Eldoret-Unga Road
Contact: 053-2061432
13. Agricultural Finance Corporation Kitale Branch
Location: Makasembo Rd
Contact:+254-786-629946
14. Agricultural Finance Corporation Kapsabet Branch
Location: Opposite Post Office
Contact: 020-2320309
15. Agricultural Finance Corporation Turbo Branch
Location: Uganda Rd
Contact: +254-711-444149
16. Agricultural Finance Corporation Ziwa Branch
Location: Sirikwa Center
Contact: +254-712-353974
17. Agricultural Finance Corporation Iten Branch
Location: Off Iten-Kapsowar Street
Contacts: +254-773-568265,+254-772-958248
18. Agricultural Finance Corporation Nakuru Branch
Location: Kijabe Road
Contact: +254-711-362775
19. Agricultural Finance Corporation Nakuru Branch
Location: Sotik-Narok Rd
Contact: +254-773-554362
20. Agricultural Finance Corporation Molo Branch
Location: Njoro-Molo Rd
Contact: 020-2172732
21. Agricultural Finance Corporation Naivasha Branch
Location: Kariuki Chotara Rd
Contact: 050-2020463
22. Agricultural Finance Corporation Kericho Branch
Location: Temple Rd
Contact: +254-775-798906
23. Agricultural Finance Corporation Eldama-Ravine Branch
Location: Maji Mazuri Rd
Contact: +254-774-496380
24. Agricultural Finance Corporation Kabarnet Branch
Location: Kabarnet-Eldoret
Contact: +254-705-659272
25. Agricultural Finance Corporation Narok Branch
Location: Nairobi-Narok Rd
Contact: 0770-567277, 0770-433171
26. Agricultural Finance Corporation Kiambu Branch
Location: Kiambu Rd
Contact: +254-705-318963
27. Agricultural Finance Corporation Wote Branch
Location: Ngei Rd
Contact: 020-2675807
28. Agricultural Finance Corporation Kajiado Branch
Location: Main Town Rd
Contact: +254-729-630066
29. Agricultural Finance Corporation Ngong Branch
Location: Ngong-Kiserian Rd
Contact: +254-723-919321
30. Agricultural Finance Corporation Machakos Branch
Location: Ngei Rd
Contact: 020-2624249
31. Agricultural Finance Corporation Loitokitok Branch
Location: Elassit Rd
Contact: +254-717-628628
32. Agricultural Finance Corporation Kakamega Branch
Location:Elassit Road, Kakamega
Contact: 020-633695
33. Agricultural Finance Corporation Kisii Branch
Location: NCPB House
Contact: 020-8033032
34. Agricultural Finance Corporation Migori Branch
Location: Administration Rd
Contact: 020-2352075
35. Agricultural Finance Corporation Kisumu Branch
Location: Oginga Odinga Rd
Contact: 057 2523944
36. Agricultural Finance Corporation Bondo Branch
Contact: 057-2512452
37. Agricultural Finance Corporation Bungoma Branch
Location: NCPB Depot
Contact: 020-2669796, +254-718867913
38. Agricultural Finance Corporation Kilgoris Branch
Location: Agriculture House
Contact:+254-717-628628
39. Agricultural Finance Corporation Oyugis Branch
Location: Oyugis-Kisii Rd
Contact: 020-2351977, +254-712-781187, +254-727-821440
40. Agricultural Finance Corporation Busia Branch
Contact: Opposite Huduma Center
Location: 0773671773
41. Agricultural Finance Corporation Kilifi Branch
Location: Near KCB
Contact: +254-772-125313
42. Agricultural Finance Corporation Ukunda Branch
Location: Mombasa-Lunga Lunga Rd
Contact: +254-772-561510
43. Agricultural Finance Corporation Bura Branch
Location: National Irrigation Board Offices, Bura- Tana
Contact: +254-717-806016
44. Agricultural Finance Corporation Mpeketoni Branch
Location: Opp.Kenyatta Primary Rd
Contacts: +254-701-867478, +254775-243192
45. Agricultural Finance Corporation Hola Branch
Location : National Irrigation Board Offices , Hola – Tana
Contact: 0717-806016
46. Agricultural Finance Corporation Taita Taveta Branch
Location: Eldoro Village
Contact: 0740571517
