Chase Bank has partnered with two local firms to give credit facilities to young farmers. The partnership with Amiran Kenya and Rafiki DTM will enable the youth to get loans and modern farming methods. The deal is aimed at boosting production and empowering the youth economically. Under the programme, Chase Bank will disburse loans worth Sh14, 500 for the purchase of Amiran's Foundation Kit for new farmers. Leaders of tomorrow "The survival of Kenya's agriculture rests squarely on the youth who are the farmers and leaders of tomorrow. Two-thirds of Kenyans depend directly on agriculture for their livelihoods," said Chase Bank deputy executive officer Mr Paul Njaga said:He urged youth to take advantage of the opportunities to improve their lives. "Provision of affordable loans and farm incentives to youth will reduce unemployment and help youth create wealth," said Rafiki DTM Chief executive Mr Daniel Mavindu. He added that agriculture holds an important key to poverty reduction through increased productivity, value addition, improved technologies and linkages to other sectors. The financial institutions will all focus on equipping farmers to produce quality produce enough to feed the country while also attracting international markets in a move to further open up Kenyans agricultural export industry. "Our partnership with microfinance institutions signals the significance of developing the agricultural sector to create more opportunities for farmers and the youth," added Mr Njaga.
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