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...