M’Muruku Salesio Miriti

Extraneous Shocks Affecting Agribusiness Loans Default Rate in Agricultural Finance Corporation, Mount Kenya Region

M’Muruku Salesio Miriti, Gathungu Geofrey Kingori & Mwirigi Rael Nkatha · Asian Journal of Agricultural Extension, Economics & Sociology · 2024

Agro-shocks create stochastic disturbances to agribusiness performance, which spills over to the performance of credit markets. Farm loan beneficiaries domiciled in the Mount Kenya Region of the Agricultural Finance Corporation (AFC), have recorded a poor loan repayment rate of 2...

Open access Research Article 10.9734/ajaees/2024/v42i52440

Effect of Borrower's Socio-Economic Profile on Agribusiness Loans Default Rate in Agricultural Finance Corporation, Mount Kenya Region

M’Muruku Salesio Miriti, Gathungu Geofrey Kingori & Rael Nkatha Mwirigi · Journal of Economics, Management and Trade · 2023

Background: Agribusiness loans advanced by Agricultural Finance Corporation (AFC) in Mount Kenya Region have high default rate of 20.33% which compares unfavourably with 10% benchmark for all types of loans in Kenya. This is a challenge, given the strategic importance of agribusi...

Open access Research Article 10.9734/jemt/2023/v29i81112