{"id":372,"date":"2008-05-14T00:00:00","date_gmt":"2008-05-14T00:00:00","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/?p=372"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T21:00:00","slug":"women-not-making-use-of-enterprise-fund","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2008\/05\/women-not-making-use-of-enterprise-fund\/","title":{"rendered":"Women not making use of Enterprise Fund"},"content":{"rendered":"<p><strong>NAIROBI, May 14 &#8211; The government has been urged to disburse the Women  Enterprise Fund according to the absorption capacity of self-help  groups.<\/strong><\/p>\n<p>Export Promotion Council (EPC) boss Matanda Wabuyele argued that the current  formula of giving out Sh50,000 per group coupled with a lack of awareness about  the Fund were to blame for the low uptake.<\/p>\n<p>The Chief Executive&rsquo;s remarks came a few days after it emerged that Sh700  million out of the Sh2 billion fund set aside for women entrepreneurs remain  uncollected at the Gender Ministry, a year after it was launched.<\/p>\n<p>He however warned that caution should be applied when dealing with new  entrants, whom he said had to be given time to develop themselves into  operations that could utilise the money meaningfully.<\/p>\n<p>&ldquo;There should be criteria which can differentiate between those who have  products in the production line vis-&agrave;-vis those who are doing prototype,&rdquo;  Wabuyele added. <\/p>\n<p>He also proposed the launch of an intensive awareness campaign that would  sensitise women on the need to borrow money for development as well as a program  that would demystify some cultural beliefs that discourage them from taking up  loans.<\/p>\n<p>Wabuyele noted that the penetration of women entrepreneurs in the formal  sector was still very low, thus the need to develop and grow a strong and  enduring enterprise culture that would see many informal businesses graduate  into the mainstream Small and Medium Enterprise (SME) sector.<\/p>\n<p>Majority of women and youth operate informal businesses, which face  challenges of accessing capital, business skills, technology and markets.<\/p>\n<p>Citing the soon to be enacted Micro Finance Act, Wabuyele commended the  government for putting in place structures that encourage the growth of the  sector.<\/p>\n<p>The Act is expected to enable the orderly growth of a vibrant and sound  sector that provides financial services to the people without access to formal  banking.<\/p>\n<p>However, the CEO emphasised the need to provide adequate capital and skills  development, all of which would stimulate the sector&rsquo;s growth.<\/p>\n<p>He spoke during a training workshop on export business and marketing  management for women entrepreneurs in the handicraft sector. <\/p>\n<p>The council has for the last two years assisted more than 1,000 SMEs access  the European Union markets through taking them to trade fairs where they can  showcase their products. <\/p>\n<p>He remarked that the next step for the council after the exposure to the EU  market would be to take the entrepreneurs to the US so that they could take  advantage of the provisions of article 9 under the African Growth and  Opportunity Act (AGOA) programme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, May 14 &#8211; The government has been urged to disburse the Women Enterprise Fund according to the absorption capacity of self-help groups. Export Promotion Council (EPC) boss Matanda Wabuyele argued that the current formula of giving out Sh50,000 per group coupled with a lack of awareness about the Fund were to blame for the [&hellip;]<\/p>\n","protected":false},"author":12336,"featured_media":373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"coauthors":[],"class_list":["post-372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Women not making use of Enterprise Fund - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, May 14 - The government has been urged to disburse the Women Enterprise Fund according to the absorption capacity of self-help groups.Export Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2008\/05\/women-not-making-use-of-enterprise-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Women not making use of Enterprise Fund\" \/>\n<meta property=\"og:description\" content=\"NAIROBI, May 14 - The government has been urged to disburse the Women Enterprise Fund according to the absorption capacity of self-help groups.Export Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2008\/05\/women-not-making-use-of-enterprise-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:published_time\" content=\"2008-05-14T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"Evelyn Njoroge\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evelyn Njoroge\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/\"},\"author\":{\"name\":\"Evelyn Njoroge\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#\\\/schema\\\/person\\\/68500322dd27d3b1a82eaf608284adb3\"},\"headline\":\"Women not making use of Enterprise Fund\",\"datePublished\":\"2008-05-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/\"},\"wordCount\":434,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Kenya\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2008\\\/05\\\/women-not-making-use-of-enterprise-fund\\\/\",\"name\":\"Women not making use of Enterprise Fund - 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