Farmers ditch banks, saccos, turn to customers and family for loans

Farmers across the country are increasingly seeking financial support directly from their customers, friends, and family members to fund their agricultural activities, bypassing commercial banks, Saccos, and government-backed financial schemes like the Hustler Fund.

According to a latest survey by the Central Bank of Kenya (CBK) for November, many farmers are turning to informal credit sources, pointing to a dramatic shift in borrowing patterns.

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