The East Africa Exchange (EAX) will soon launch a Sh.200 million grain trade credit line for lending to small scale grain farmers in Kenya, in collaboration with ABC bank.
The initiative will not only give small scale farmers access to affordable credit services from ABC bank; it will also solve the challenges of grain storage through warehouse services, give farmers better access to post-harvest management services, link them with reliable agricultural and financial markets and facilitate competitive pricing for their crops.
The deal is also supported by East Africa’s largest farmer organization, East Africa Farmers Federation (EAFF) which represents approximately 20 million farmers across eastern and central Africa. Read more. Source | FootPrint to Africa