The Agricultural Finance Corporation (AFC) in its Programme, Women Affirmative Access Window which promotes financial inclusion in agrifinance will in the next nine months extend Ksh. 1 billion loan to women agripreneurs in Kenya.
Women will not be required to provide collaterals as a guarantee to get funding which is usually a big hindrance to access funding especially from financial institutions. AFC’s loan portfolio is at Ksh. 8.7 billion and only 25% of the recipient are women hence the new directive aims increase access to finance to women led enterprises who play a key role in promoting food security.