KShs 100 Million Revolving Fund for Special Groups in Kisumu County

Special groups doing business in Kisumu county will benefit from a Sh100 million revolving fund.

The fund targets youth, women, and persons with disabilities, who will first have to undergo vigorous training in bookkeeping and accounting.

Fund administrator Lucy Matengo said more than 200 groups from the county’s 35 wards have been trained on financial management and saving.

“We are committed to empowering the youth and women in business in Kisumu,” she said at the weekend.


Successful applicants, Ms Matengo said, will receive up to Sh100, 000. The loans are to be repaid for between three months and a year, depending on the group’s agreement with the funding administrator – the county Gender, Youth and Social Services Unit.

Interested groups are required to have at least 15 per cent of the funds they apply for in their savings accounts.

“The loans will attract an interest rate of five per cent for women and youth groups and three per cent for people with disabilities,” said Ms Matengo.

Courtesy – Standard Media

Have anything else to add? Write it below:


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *


You May Also Like

X-Boxer Conje Gets Discharged from Kisumu Hospital

Conjestina whom fans refer to as ‘Hands of Stone’, noted that she had not ...


There are names at whose mention, things get done! Just one name that can ...

I Will Ensure there are No New HIV Infections among Young Girls

This is a story as narrated by Mary, a resident of Kisumu City, who ...

Pacho Festival Launches in Kisumu this Weekend

Shhhhhh. It’s not a rumour anymore, neither is it word-on-the-street. It’s true! Werrason has ...

Rusinga Island: where the past thrives in the Present

Considered to be one of the most beautiful islands on Lake Victoria’s waters, Rusinga Island ...

The GES: What Obama’s Visit means to Kenya’s Tourism and Travel Industry

The Global Entrepreneurship Summit will be held on July 25-26, bringing together entrepreneurs from ...