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{
    "id": 6354,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/6354/?format=api",
    "text_counter": 361,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "THAT, deeply concerned with the devastation of the prolonged drought on farming activities that has occasioned heavy losses to farmers; aware that many affected farmers have loans from the Agricultural Finance Corporation (AFC) amounting to a total of Kshs4.48 billion; concerned that the prolonged drought has adversely affected farmers’ capacity to service their said loans with the effect that a loan portfolio of Kshs1.81 billion has now been classified by AFC as bad loans due to widespread defaults; convinced that unless this loan portfolio in default is addressed urgently, AFC and the agricultural sector face the risk of irreparable damage; acknowledging the key role played by AFC in financing the agricultural sector and the importance of supporting farmers countrywide as the anchor for Vision 2030; this House urges the Government to urgently avail a grant of Kshs2 billion to the Agricultural Finance Corporation (AFC) to enable it provide appropriate relief to both crop and livestock farmers in all 47 counties adversely affected by the prolonged drought in the country."
}