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Originally published by The Kenyan Wall Streetbusiness
October 21, 2025
3h ago
Credit to Farmers Slumps Despite Lower Overall Lending Rates
Kenya’s agricultural sector is showing fresh signs of strain as access to farm credit tightens and production costs remain high..
✨ Key Highlights
Access to credit for Kenyan farmers has significantly declined, reaching its lowest point in over a year, despite a general reduction in lending rates. This downturn is highlighted in the latest Central Bank of Kenya (CBK) survey, reflecting growing strain in the agricultural sector amid rising production costs.
- The share of farmers borrowing for activities dropped to 31% from 41% in July.
- SACCOs are now the leading source of farm financing, with their share of borrowers sharply increasing to 44%.
- Over 1,000 chief executives surveyed by CBK expressed cautious optimism about Kenya's economy but warned of challenges like high energy costs and subdued consumer demand.
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