Agriculture is key to Kenya's economy, contributing to 26 percent of the Gross Domestic Product (GDP) and another 27 percent of GDP indirectly through linkages with other sectors. The agricultural sector employs more than 40 percent of the total population and more than 70 percent of Kenya’s rural people. Agriculture in Kenya is large and complex, with a multitude of public, parastatal, non-governmental, and private sectors. The Co-operative Bank of Kenya aims to help the agricultural sector by giving loans to help grow agribusinesses in Kenya during the Covid-19 pandemic. The financing options available also includes a horticulture and floriculture loan.
Horticulture and floriculture loan
This solution supports fruits, vegetables, and flower value chain players by financing working capital and farm development. It enables the farmers to purchase land, develop the land by installing infrastructure for irrigation, greenhouses, solar energy, etc. This specific loan also gives farmers the capacity to buy assets that enhance production such as refrigerators or cold rooms.
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