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{
    "id": 195049,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/195049/?format=api",
    "text_counter": 30,
    "type": "speech",
    "speaker_name": "Mr. Mbiuki",
    "speaker_title": "",
    "speaker": {
        "id": 79,
        "legal_name": "Japhet M. Kareke Mbiuki",
        "slug": "japhet-kareke-mbiuki"
    },
    "content": "Mr. Speaker, Sir, the Ministry encourages other players in the market to help 826 PARLIAMENTARY DEBATES May 6, 2008 our farmers. The AFC is a Government parastatal which offers loans at 10 per cent to farmers. The Ministry of Agriculture, in conjunction with other players such as the Alliance for a Green Revolution in Africa (AGRA) and the International Fund for Agricultural Development (IFAD), have come up with a programme to give farmers affordable credit facilities. This may be at 5 per cent per annum on a reducing balance. Mr. Speaker, Sir, we encourage the local commercial banks to give our farmers credit facilities without securities. This money is guaranteed by AGRA and IFAD and the farmers will not be expected to give securities. It is a question of walking into the bank and getting a loan of maybe Kshs100,000, and then, you will repay it with Kshs5,000 on top. We encourage the local commercial banks to come and help people who cannot get credit facilities."
}