ComFund disbursed Sh321.6 million to the sugar and coffee sub-sectors in the financial year ended June 2021.
The fund cited collection of non-performing historical loans, mostly with the sugar sector and unsecured by tangible securities.
A State fund is on the spot for seeking to scrap nearly Sh15 billion owed by players in the sugar and coffee sub-sectors despite options to recover the taxpayers’ money.
The funds were meant for farm input, crop establishment, processing, and buying machinery meant to step up the output of coffee and sugar.
