{"id":104523,"date":"2023-10-09T18:31:06","date_gmt":"2023-10-09T18:31:06","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production"},"modified":"2023-10-09T19:53:00","modified_gmt":"2023-10-09T19:53:00","slug":"meru-farmers-to-access-digital-credit-to-boost-maize-production","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production","title":{"rendered":"Meru farmers to access digital credit to boost maize production"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Smallholder maize farmers in Embu County are set to start accessing digital credit for inputs and insurance to boost agricultural production.<\/p>\n<p>This will be facilitated via a financing agreement between Family Bank and DigiFarm where at least 1,000 farmers based in Mbeere North and South subcounties will be able to borrow and access the funds digitally through the agri-tech platform.<\/p>\n<p>Smallholder farmers with a maximum of two acres each will receive financing depending on acreage and crop cycle.<\/p>\n<p>Additionally, the farmers will receive innovative insurance, training on sustainable agricultural practices, market linkage and financial literacy to promote farming resilience and produce.<\/p>\n<p>\u201cThe last five years, we have been running a similar programme that supports farmers and those farmers have since graduated from subsistence to commercial farming,\u201d Runyenjes subcounty Agricultural Officer Stephen Njagi said.<\/p>\n<p>\u201cWe are therefore happy that those farmers can graduate to this partnership and get credit in form of farm inputs,\u201d he added.<\/p>\n<p>Arid and Semi-Arid Land (ASAL) counties such as Embu often face low agricultural produce due to production shocks such as droughts and diseases.<\/p>\n<p>According to the Economic Survey 2023 released by the Kenya Bureau of National Statistics, the production volume of maize in Kenya declined by 6.5 per cent to 34.3 million bags in 2022.<\/p>\n<p>\u201cDespite the high vulnerability to the impacts of climate change and market inefficiencies, farmers continue to face a lack of access to efficient and convenient funding to buy essential farming products However, technology adoption and such multisector partnerships are increasing financial inclusion, especially for smallholder farmers,\u201d Family Bank Lead Digital Transformation Aristarichus Kuria said.<\/p>\n<p>\u201cWe are confident that through this partnership we will not only improve farmers\u2019 financial resilience to these shocks but through technology we will reduce their costs and improve profitability that will help break the cycle of low investment and low returns,\u201d he said.<\/p>\n<p>Through this partnership, registered farmers will be able to redeem their credit vouchers to receive farm inputs from the DigiFarm partner agrovets in the county.<\/p>\n<p>\u201cDigiFarm will continue to leverage technology and partnerships to reduce the financing gap faced by smallholder farmers and drive climate resilient solutions,&#8221;DigiFarm director Seema Gohil said.<\/p>\n<p>&#8220;Through our platform, farmers are able to access a full range of services to drive production improvements. They receive agronomy advice, credit for inputs, insurance and other services and can then connect with buyers during harvest. We are committed to transforming the agriculture sector through technology,&#8221; he added.<\/p>\n<p>Family Bank and DigiFarm will further extend the partnership to sorghum farmers in Meru County.<\/p>\n<p>This partnership comes following a programme spearheaded by the International Food Policy Research Institute which has set out to implement a risk-contingent credit programme to assess whether innovative insurance products can increase access to finance by smallholder farmers.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Smallholder maize farmers in Embu County are set to start accessing digital credit for inputs and insurance to boost agricultural production. This will be facilitated via a financing agreement between Family Bank and DigiFarm where at least 1,000 farmers based in Mbeere North and South subcounties will be able to borrow and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":104522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-104523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Meru farmers to access digital credit to boost maize production - kenya<\/title>\n<meta name=\"description\" content=\"Smallholder maize farmers in Embu County are set to start accessing digital credit for inputs and insurance to boost agr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meru farmers to access digital credit to boost maize production\" \/>\n<meta property=\"og:description\" content=\"Smallholder maize farmers in Embu County are set to start accessing digital credit for inputs and insurance to boost agr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T18:31:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-09T19:53:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/10\/sm_1696867239.871327.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Meru farmers to access digital credit to boost maize production\",\"datePublished\":\"2023-10-09T18:31:06+00:00\",\"dateModified\":\"2023-10-09T19:53:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\"},\"wordCount\":477,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/10\/sm_1696867239.871327.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/meru-farmers-to-access-digital-credit-to-boost-maize-production\",\"name\":\"Meru farmers to access digital credit to boost maize production - 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