Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Governor William Kabogo with Youth and Sports Minister Machel Waikenda during launch of the fund/CFM BUSINESS

Kenya

Kiambu business start-up funds due February

Governor William Kabogo with Youth and Sports Minister Machel Waikenda during launch of the fund/CFM BUSINESS

Governor William Kabogo with Youth and Sports Minister Machel Waikenda during launch of the fund/CFM BUSINESS

KIAMBU, Kenya, Nov 25 – The Kiambu County Biashara Fund applicants will start receiving their money in February next year.

The youth, women and persons with disability will benefit from the fund that attracts friendly borrowing terms and will be issued for start-ups and existing businesses across Kiambu, according to the County Executive Member for Youth Affairs and Sports Machel Waikenda.

Speaking during a sensitisation program held in Juja, Waikenda said the fund is repayable in 36 months.

“The youth, women and persons with disability have been urged to ensure that the money is put in good use and repaid immediately after since this is a revolving fund. We are in the final stages of vetting the applicants,” said Waikenda.

He said that due to the overwhelming applications, the county government would increase the fund in the next financial year adding that it was only through such initiatives that the government would address issues of joblessness.

The applicants have in the past one month been taken through a series of capacity building programmes training them on how to run businesses before and after getting the funds to make sure the kitty serves its intended purpose.

“We had to take the over 30,000 applicants through a mentorship program since most of them are new in business. Again, we want to see the funds used effectively,” he added.

The move followed the approval of the Kiambu County Youth Women and Persons with Disability Fund Act 2014 by the County Assembly.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...