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The
Coffee Development Fund (CoDF) is established under Section
34 of the Coffee Act No 9 of 2001 to provide sustainable
affordable credit and advances to coffee farmers for the
purpose of farm development, farm inputs, farming operations
and price stabilization.
These are short term loans repayable within the crop season
which is not more than 12 months and include farm inputs
and farming operations.
Advances for farm inputs shall be for purchase of fertilizers,
fungicides, insecticides, herbicides, farm equipment and
tools.
These Fund include advances for cherry picking, farm labour,
processing materials, factory maintenance, fuel, lubricants
and general running costs and transport.
The fund
will disburse credit through Intermediaries and involve
the management committees of coffee co-operative societies
for effective and efficient supervision of credit.
Towards
this end, the Fund will appoint the Intermediaries through
competitive bidding based on their capacity and credibility
to disburse credit in the coffee growing areas. Eleven (11)
Intermediaries have been appointed and more will be appointed
in 2007.
Those
already appointed are Agricultural Finance Corporation (AFC),
Embu Farmers, Gusii Farmers Rural, Meru Central Farmers,
Taifa, Mathira Farmers,Nandi Farmers, Baringo Teachers,
Meru South Farmers, Ntiminyakiru Rural and Meru North Farmers
SACCO Societies.
For Details download and read CIRCULAR
No.1/07
For
GUIDLINES ON CREDIT ADVANCES TO COFFEE FARMERS.....click
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