Tea farmers to benefit as KTDA reduces interest on loans to 8pc

KTDA board

Kenya Tea Development Agency board members address journalists at their offices in Nairobi yesterday.

Photo credit: Sila Kiplagat | Nation Media Group

What you need to know:

  • Repayment periods for the loans range from a month but determined by a farmer’s ability to repay.
  • The new board has been on a drive to implement some of the changes farmers advocated.

Tea farmers will have an easier time accessing credit after the Kenya Tea Development Agency (KTDA) lowered interest rates for loans issued by its microfinance arm, Greenland Fedha, from 21 to eight per cent. 

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