Agricultural Finance Corporation in Kenya

The Agricultural Finance Corporation (AFC) is a state-owned Financial Corporation whose mandate is to provide credit for the sole purpose of developing agriculture. Its core mission is to provide customer-focused and sustainable financial services to the agricultural sector in Kenya.

Since its establishment in 1963, Agricultural Finance Corporation has served over 70,000 farmers and a total of 1.5 million clients, across its branches countrywide and has since handled over 120 Corporate Social Responsibility (CSR) projects.

Agricultural Finance Corporation Loan Products.

AFC focuses on agriculture financing only. Credit solutions are available to those business and individuals in the agricultural business sector. Some loan products require individuals or corporate institutions to have an account with AFC like one described below.

Vuna Account

This is a transaction account designed for groups and individuals in agriculturally related activities such as traders, farmers, and suppliers of agricultural inputs. Vuna account is designed to facilitate individual access to loan products since a majority, especially farmers remain without banks accounts to transact their financial needs. Farmers can also build savings to be used as collateral in securing loans. See how to check your credit status with CRB

Requirement for opening Vuna Account

  • A registration certificate – for Groups
  • Passport size photo for the officials/individuals
  • Photocopies of National ID and KRA PIN certificate (group official)
  • Group by-laws such as minutes and a resolution to open the account.
  • Opening amount of Ksh 500 for individuals and Ksh 2,500 for Self-groups or Partnerships

Benefits of Vuna Account

  • It is easy to open and operate.
  • It is accessible in all AFC branches countrywide.
  • Affordable withdrawal fee.
  • Free quarterly account statement.
  • No withdrawal limit.

How to apply for AFC loans

An individual wishing to apply for any Agricultural Finance Corporation loan product can do so using any one of the following methods. Read also: Youth Fund Kenya loans

  • By visiting any AFC branch near you.
  • By applying online through The Agricultural Finance Corporation website
  • And lastly through the use of their mobile phones by calling the AFC offices

Agricultural Finance Corporation Type of Loan Products.

Seasonal crop credit

Agricultural Finance Corporation in Kenya

This type of loan targets seasonal crop farmers whose farming activities involve The production of maize, wheat, potatoes, rice and other food crops that mature within 12 months. The items financed in this type of loan are the production and harvest cost and a farm of the minimum acreage of about 5 acres of maize and wheat.

Loan Application Requirements

  • Tangible collateral for the loan
  • Suitability of the project
  • A business plan of the intended project
  • Original search certificate of the security
  • A copy of pay slip and bank statement
  • Personal contribution towards the intended project

Agricultural Finance Corporation – Cash Crop Loan

This is a credit facility for cash production of Sugarcane, citrus fruits, coffee, bananas, cashew nuts, tea, mango trees, pyrethrum, stevia and other cash crops. and covers the following items

  • Processing equipment
  • Operating costs
  • Crop establishment
  • Crop maintenance

Loan Application Requirement

  • Appropriate and approved crop varieties
  • Tangible security for the loan
  • Availability of processing facilities within reasonable distances.

Agricultural Finance Corporation – General Agribusiness Loan

The agri-business loans are meant to provide start-up capital for those seeking to start or are already engaged in agricultural micro enterprises such as marketers of farm produce, Traders,  processors, and Transporters. These are loans designed to benefit the agri-business traders.

Loan Eligibility

  • Viability of the business
  • Collateral for the loan
  • 20% equity contribution towards the project.

Asset Finance (machinery) Loan

This loan is for the purchase of farm machinery to facilitate production and transportation of farm produce. This is a direct response to the low uptake of technology and mechanized agriculture that continues to negatively impact on productivity levels.

Apart from the convenience, increased mechanization and yields, an individual who comes for this loan product is assured of getting extra revenues from their farm machinery through hiring out to those who don’t have it. This type of loan covers the financing of Farm machinery and implements and Pick-up and truck for transport of farm produce

Asset Finance Loan Application Requirement

  • Machinery/vehicle to be registered jointly with AFC
  • Applicant to sign a blank transfer form to be deposited with the Corporation together with log book
  • Machinery to be insured with comprehensive insurance cover
  • Minimum deposit of 30% of net purchase price for new machinery and 50% deposit for reconditioned machinery

Livestock and Fisheries Development Loans

These are loans for livestock and fisheries development and are used to finance:-

  • Sheep and goat breeds Rabbit keeping
  • Fish production Dairy and beef breeds
  • Bee keeping
  • Piggery keeping Working capital

Loan Application Requirements

  • Tangible security for the loan
  • Suitability of the project
  • Experience in the livestock and fish production

Horticulture and floriculture loans

These type of loans are meant to finance horticultural and floricultural projects such as

  • Water and electricity supply systems.
  • Fruits, vegetable, and flowers
  • Working capital
  • Labour and other operational costs.
  • Green houses and related equipment.
  • Harvesting and packaging equipment.

Loan Eligibility

  • Compliance with regulatory requirements
  • Relevant experience in floriculture & horticulture
  • Adequate water supply

Water Development Loans

These are loans intended for water development projects mainly for irrigation and livestock use. AFC finance boreholes, water tanks, irrigation equipment, shallow wells,  pumps, troughs, pipes, farm dams and even labor!

School Based Loans

These are Loans specifically meant to cater to Primary, Secondary & Tertiary institutions who have ventured into school farming. Tha aim of the loan is to subsidize the cost of school feeding by Supporting Self- Sufficiency in Schools. The loan finances

  • Agribusiness
  • Crop & Livestock production
  • Value addition amongst others
  • Farm Machinery & infrastructure
  • Horticulture

School Based Loans Qualification

  • A written proposal for the intended project
  • A Vuna relationship account with Agricultural Finance Corporation
  • Adequate land size for the intended project

Stawisha Group Loan

Stawisha group loan is a micro-credit facility targeting groups trading in agricultural products and agricultural inputs particularly the youths and women who have no tangible security to secure credit.

Stawisha Group Loan comes in 3 levels which will allow groups to access a higher amount as they successfully grow their business.The challenges facing this target group, such as unemployment and poverty can be addressed by accessing the fund and engage in enterprise development across the agricultural value chain.


  • Vuna Account holder.
  • Guarantee-by group members and group officials.
  • Minutes from the group stating the resolution to borrow the loan.
  • Active group undertaking Agricultural related activities
  • 15% interest per annum.

Benefit of Stawisha Group Loan

  • Flexible repayment period
  • Affordable interest
  • Fast processing
  • Opportunity to graduate to the next level of credit scheme
  • Flexible security -group guarantee and group savings.

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