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February 22, 2018

Narok farmers get back deeds after state waives loans

Environment PS Charles Sunkuli(right) presents title deed to farmer William Supeiyo as Agricultural Finance Corporation (AFC) chairman Franklin Bett (centre) looks on during the handing over exercise over 300 title deeds to farmers in Narok town on Wednesday. /KIRUI KIPLAGAT
Environment PS Charles Sunkuli(right) presents title deed to farmer William Supeiyo as Agricultural Finance Corporation (AFC) chairman Franklin Bett (centre) looks on during the handing over exercise over 300 title deeds to farmers in Narok town on Wednesday. /KIRUI KIPLAGAT
Farmers in Narok county are receiving their title deeds from the Agricultural Finance Corporation after the government waived their debts and ordered that the documents be handed back.
They had been held as security for loans they took from AFC, but due to unpredictable weather they incurred heavy losses and were unable to repay their loans.
The title deeds have been released following a Presidential directive, which waived up to Sh1.5 billion in loans owed by AFC farmers in five counties — Kajiado, Baringo, Kitui, Tana River and Busia.
The farmers had taken loans for wheat, sorghum and livestock farming.
Speaking in Narok town yesterday as 300 title deeds were returned to farmers, AFC board chairman Franklin Bett said the first to receive their title deeds are small-holder farmers with old and distressed loans amounting to Sh300 million.
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