Published online by Cambridge University Press: 28 July 2009
In Kenya there are no restrictions as to where a farmer may borrow money for the development of his farm and almost all institutions which lend money give considerable financial assistance to farmers. Kenya's economy is based largely on agriculture and the government has always supported agricultural industries in every way possible; one of these ways has been to make money available to farmers. To carry out this function, the government set up various institutions for the lending of money for agricultural purposes. Most of those institutions have now been dissolved and a few of those remaining are no longer actively engaged in the lending of money. At the present time, the main government credit institution is the Agricultural Finance Corporation.
1 S. 3 (4), Act No. 1 of 1969 (K.). (See Appendix VII.)
2 S. 4 (1) and (2).
3 S. 14(1) (b).
4 S. 19(3).
page 106 note 1 Cap. 34 (K.).
page 109 note 1 S. 35 (1) and s. 37, Cap. 318 (K.).
page 110 note 1 Cap. 486 (K.).