Agricultural Finance Corporation (AFC)
Agricultural Finance Corporation (AFC)
About

The Agricultural Finance Corporation (AFC), a wholly owned Government Development Finance Institution (DFI), was established in 1963 initially as a subsidiary of the Land and Agricultural Bank. In 1969, it was incorporated as a full – fledged financial institution under the Agricultural Finance Corporation Act, Cap 323 of the laws of Kenya. It was then tasked in assisting in the effective and peaceful transfer of land to indigenous farmers, as well as injecting new capital to farm owners to spur development. After successful implementation of this task, AFC was further reconstituted in 1969 to assume a wider mandate by taking over the functions of the Land and Agricultural Bank of Kenya.

Today they remain the leading Government Credit institution mandated to provide credit for the sole purpose of developing agriculture. This role is crucial given that Agriculture is the mainstay of the Kenyan economy where 80% of the Kenyan population which is rural based relies on agriculture as their main support system.

Mission

To provide customer focused and sustainable financial services to the agricultural sector in Kenya.

Vision

To be the financial institution of choice for agricultural development in Kenya, aiming to be the best Development Finance Institution (DFI) in the World.

 

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Type of organization

2 offices
51-100
1963
Similar organizations
Alliance for a Green Revolution in Africa (AGRA)
Alliance for a Green Revolution in Africa (AGRA)
Implementing NGOAdvocacy NGOAssociation
1 open position

Experience

Contract Awards
Consultancy for Agricultural Development Program
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
Global Project for Sustainable Fisheries and Aquaculture
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
General Services for Global Project on Green Innovation Centers
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

Company Offices

  • India
  • Lucknow
  • 21, Vidhan sabha Marg
  • Kenya (headquarters)
  • Nairobi
  • Agricultural Finance Corporation, Development House, Moi Avenue Nairobi