OUR MANDATE
Commodities Fund is established by Crops Act, 2013 to provide sustainable and affordable credit and advances to farmers for all or any of the following purposes:
(a) Farm improvement
(b) Farm inputs
(c) Farming operations
(d) Price stabilization
(e) Any other lawful purpose approved.
WHY COMFUND
- Subsidized interest rates, between 3% – 7.5%
- Friendly repayment plans based on reducing balance model
- Favourable securities including tripartite & contract agreements/ bank guarantees
- Revolving Fund tailored to support agricultural value chains from farm to consumption
- Credit facilities tailored to fit targeted crop seasons
- Shariah Complaint facilities under product development
OUR CLIENTELE
- Producers: Small and Large scale farmers
- Producers’ Institutions
- Processors/millers
- Private and government institutions
- Service providers for scheduled crops (Marketers, transport, exporters, distributors etc.)
REGIONAL OFFICES:
- In order to take our services closer to our clients and further reduce the cost of access to agricultural credit, we have established regional offices in Nairobi, Embu, Meru, Nyeri, Kericho, Eldoret, Bungoma and Mombasa
- Sugar Loans
- Coffee Loans
- Coconut Loans
- Cashew nut Loans
SMS mcommodity querying system
- SMS to 220553
- Receive SMS sender name mcommodities
The information you can receive
- Farmer statements/reports
- Intermediary portfolio and statements
- Loan products information
How to receive information
- Send the specific number for retrieving information
- Send the number 1 to 22053 to receive farmer information
- Send ID#2 to 22053 to receive the farmer’s statement
- Send the number 2 to 22053 to intermediary information
- Example Send int00060#2 to the intermediary balance statement
- Send the number 2 to 22053 to get loan product information
- For example, send 32 to 22053 to view extended advances loan product
Browsing information
- Send help to 22053 and follow the instructions until you get the information you want
Commodities Fund
Commodities Fund is a Kenyan government Agricultural agency established by the Crops Act, 2013, to pr
COMMODITIES FUND BOARD'S RETREAT to undertake mid-term review of the (ComFund's) Strategic Plan (2023-2028) continues at Lake Naivasha Resort, Nakuru County...
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STRATEGIZING RETREAT: THE COMMODITIES FUND'S Board of Trustees is holding a joint workshop with its Management Team to review the Fund's 2023-2028 Strategic Plan.
The implementation of the five-year Strategy document is in its third year of implementation, necessitating the need to take stock of the level of implementation of the set objectives, and then map the way forward on how to achieve the remaining targets.
"Our intention is to ensure we give the public the maximum value for the trust entrusted upon us to finance the agriculture sector in Kenya," the Board's Chairman, Mr. Duke Mainga Ondiba Echate told the joint Board-Management meeting earlier today, as he opened the workshop at Lake Naivasha Resort.
The workshop is being attended by among others, the membership from the State Corporations Advisory Committee, Alternative Representatives (Principal Secretary, the State Department for Agriculture and the Principal Secretary, the National Treasury), among others.
(Pics/ ComFund)
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USE DIRECT SETTLEMENT SCHEME TO ACCESS COFFEE LOANS, COMFUND TELLS COFFEE SECTOR
Coffee Societies can now use Direct Settlement System (DSS) scheme to secure low cost credit from Commodities Fund without any other collateral, Nancy Cheruiyot, the ComFund's Managing Trustee announces.
"So long unauza kahawa yako through Nairobi Coffee Exchange, tutaandikiana mkataba, halafu mpate mikopo ya kilimo cha kahawa. Hatuhitaji tena tangible security. Nikuandikishiana na nyinyi kuwa pesa yenyu ita deduct-iwa pale Nairobi Coffee Exchange," she said.
She informed the coffee sector that for all their financial needs, Kenya Kwanza Government, through the Commodities Fund has availed low cost credit to be accessed at an interest rate ranging from 3% to 7.5%.
Ms Cheruiyot was addressing coffee farming community during the official opening of Kichawir Coffee Factory in Kipkelion East, Kericho County by the Agriculture Principal Secretary, Dr. Kipronoh Ronoh Paul,, CBS.
PS Rono revealed plans to increase coffee production from the current 50,000 MT to 150,000 MT by 2027, where he also distributed coffee seedlings
Commodities Fund is currently financing Coffee, Coconut, Banana and Cashew Nuts subsectors.
Office of Cabinet Secretary Ministry of Agriculture & Livestock Development
(Video/ Courtesy of KassTV)
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