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Originally published by Capital Business
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business
July 31, 2026
4h ago

AFC rolls out collateral-free lending for farmers

AFC rolls out collateral-free lending for farmers

Among the key innovations is the Warehouse Receipt System, implemented in partnership with the Nairobi Commodities Exchange (COMEX), which allows farmers to use warehouse receipts as collateral after storing their produce in accredited warehouses...

✨ Key Highlights

The Agricultural Finance Corporation (AFC) is introducing collateral-free lending to enhance financial inclusion for Kenyan farmers, aiming to boost the agricultural sector.

  • AFC has developed innovative financing models, including the Warehouse Receipt System, allowing farmers to use stored produce as collateral.
  • The initiative is spearheaded by AFC Managing Director George Kubai and Chief Credit Officer Christopher Kiburu.
  • AFC also offers technical advisory services and trains farmers on financial literacy and good agricultural practices, supporting youth, women, and climate-resilient agriculture through programmes like Enable Youth and RK FINFA.

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