Coffee farmers who benefited from the Stabey loan have been asked to start repayment process soon.
Cooperative Bank Officer James Kinga, speaking in Thika on Monday said the money is meant to be a revolving fund to benefit all coffee farmers.
Kinga was speaking during a coffee stakeholder forum in Thika, where he called on corporative members to buy more shares in the bank.
“You want to watch your money easily grow and safely invest while at peace, invest with Corporative Bank by purchasing our cheap shares,” he convinced members.
KPCU Field Officer Salesio Mbogo said the union has purchased twenty Mbuni Hullers to be distributed in coffee zone to minimize transport cost.
Kinga said the government has agreed to loan to KPCU Sh200 million shillings towards Improvement of the coffee sector.
“The government has agreed to loan us Sh200 towards development of coffee sector that has been losing its focus,” he added.
The stakeholders urged KPCU to pay Sh641 million owned to farmers since 2002.
The forum, convened by the Provincial Cooperative officer Geoffrey Karuku was also attended by KPCU directors, including Titus Wakeri, Peter Kimani, John Mukenya Dr. Mwaura and Fredrick Kibathi.