Low financial literacy holding back more funding to farmers, says top bank official

Kenya’s push for food security and agricultural mechanisation continues to face a major hurdle, limited access to affordable financing for farmers, driven largely by low financial literacy and weak banking records.Speaking during the signing of a financing partnership between Inchcape Kenya and NCBA, Group Director for Asset Finance Lennnox Mugambi said the biggest gap locking farmers out of credit is not lack of funding, but lack of consumer education.Get Full Access for Ksh299/WeekFact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

Speaking during the signing of a financing partnership between Inchcape Kenya and NCBA, Group Director for Asset Finance Lennnox Mugambi said the biggest gap locking farmers out of credit is not lack of funding, but lack of consumer education.Get Full Access for Ksh299/WeekFact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

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