Why credit drought never ends for the agriculture sector

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The agriculture sector contributes about 30 percent of the GDP and accounts for 80 percent of national employment, mainly in rural areas. FILE PHOTO | JOSEPH KANYI | NMG

The agricultural sector remains one of the most deprived in terms of access to credit despite being the largest contributor to Kenya’s gross domestic product and employing over a third of the population.

Agriculture, which generates 22.4 percent of Kenya’s GDP, accounted for 3.3 percent— equivalent to Sh113.8 billion—of total bank loans to the private sector in January.

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Note: The results are not exact but very close to the actual.