More than 25,000 farmers in Busia County are expected to benefit from the newly launched Agricultural Finance Corporation (AFC) Busia branch.
The Institution which is mandated at assisting in the development of agriculture by offering loans, providing managerial and technical assistance to the loan beneficiaries has opened its doors to grassroots farmers by having 45 branches in the country with the Busia branch having been officially opened by President Uhuru Kenyatta last Friday.
Speaking to Angaza News on Phone AFC Managing Director Lucas Meso said the Busia branch is aimed at providing more than 60,000 jobs opportunities.
“The move will help reduce food insecurity in the region as many farmers cannot afford traveling to the main office in Nairobi,” he said.
The MD added that they are currently operating at Sh7bn and Busia County has been allocated Sh300m. Mr Meso encouraged farmers to apply for the loans saying it is cheap and when utilized for the right purposes the county will not experience any form of food shortages and poverty levels will reduce.
The managing director who is eyeing Busia County boss job said he will be officially leaving office in February 2017 to start his political career.
Mr Meso is expected to battle it out with the current governor Sospeter Ojamong’, Funyula Legislator Paul Otuma, the suspended National Irrigation Board general manager Daniel Barasa, Kisumu County Sectretary Humphrey Nakitari.