NAIROBI, Kenya, Oct 18 – Prime Minister Raila Odinga has now faulted the Youth Enterprise Development Fund and Women’s Enterprise Fund saying they are poorly structured and cannot meet their targets.
Speaking at a town hall meeting at Kaptais High School in Mt Elgon, the PM said if elected president next year, he would embark on restructuring the two funds.
Odinga said an ODM government would train women and the youth on business management skills as a first step, before they are given grants instead to start businesses.
The PM explained that such grants will not be repayable and will be aimed at making the two groups settle down.
After grants, the groups will be provided with loans to grow their businesses.
“The Youth Fund and Women’s Fund have not worked well because most youths and women lack business skills. Many youths and women lack collateral that will help them go for loans,” he said.
“My first step will be to organise a crash programme for these groups then give them the money,” he added.
Odinga said that the ODM government will ensure the elderly get subsistence allowance that will enable them live in dignity in their sunset days.
The PM at the same time assured chiefs and the entire membership of the provincial administration that an ODM government would retain them in office but under a restructured system.
The PM is on the first leg of his two-day visit to western Kenya where he appealed for peace and calm in Mt Elgon during the campaigns and after.
He was accompanied by Planning Minister Wycliffe Oparanya, party chairman Henry Kosgey and Assistant Minister Alfred Khang’ati.