ABOUT THE AGRICULTURAL
FINANCE CORPORATION (AFC)
The
Agricultural Finance Corporation (AFC), a wholly owned Government Development
Finance Institution (DFI), was established in 1963 initially as a subsidiary of
the Land and Agricultural Bank. In 1969, it was incorporated as a full –
fledged financial institution under the Agricultural Finance Corporation Act,
Cap 323 of the laws of Kenya. It was then tasked in assisting in the effective
and peaceful transfer of land to indigenous farmers, as well as injecting new
capital to farm owners to spur development. After successful implementation of
this task, AFC was further reconstituted in 1969 to assume a wider mandate by
taking over the functions of the Land and Agricultural Bank of Kenya.
Today
we remain the leading Government Credit institution mandated to provide credit
for the sole purpose of developing agriculture. This role is crucial given that
Agriculture is the mainstay of the Kenyan economy where 80% of the Kenyan
population which is rural based relies on agriculture as their main support
system.
THE AFC MISSION
“To
provide customer focused and sustainable financial services to the agricultural
sector in Kenya”.
VISION
“To
be the financial institution of choice for agricultural development in Kenya,
aiming to be the best Development Finance Institution (DFI) in the World.”
AFC CORE VALUES
·
Customer Focus.
·
Professionalism.
·
Great Leadership.
·
Team Work.
·
Social Responsibility.
AFC LOAN PRODUCTS
1.
Agribusiness Loans
2.
Farm Development Loans
3.
Floriculture Loans
4.
Horticulture Loans
5.
Livestock Development Loans
6.
Machinery Loans
7.
Seasonal Crop Loans
8.
Group Loans (for Women & Youth groups)
9.
Water Development Loans
10. Fisheries development
Loans
11. Cash Crop Credit
12. Sugar Development Loans
13. School based Loans
14. Land Purchase Loans
Agricultural Finance Corporation,
Development House,
Moi Avenue Nairobi.
Development House,
Moi Avenue Nairobi.
P.O. BOX 30367-00100 Nairobi,
Kenya
Phone: +254-020-317199/
3272000
No comments:
Post a Comment