These are loans designed to benefit agri-business traders. It is meant to provide start-up capital for those seeking to start, or are engaged in agricultural microenterprises.
The Youth Enterprise Development Fund has partnered with smart solutions africa (ssa) to support young farmers in acquiring greenhouses and global compliant agricultural input that presents a shift from traditional farming methods to modernized ones.
3. Uwezo Fund
Mirroring the Youth Fund is Uwezo Fund. Only that it has a much wider scope. It is an empowerment program, created in 2013, hoped to benefit women, youth and persons with disability. It offers capital and mentorship to entrepreneurs with the primary aims of achieving gender equality and eradicating poverty. Its loans range from sh.50,000-500,000 at a time.
intiative is tied to the Ministry of Gender. From the name it is evident who it targets. Women Enterprise Fund not only offers credit to women entrepreneurs but also markets goods and services produced by them. Keeping in line with the social motivation of these government funds; it aims tomake women financially independent.
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The Industrial and Commercial Development Corporation is a 60 year old soul. Nevertheless, it still plays an important role in our Vision 2030 quest. It avails funding for Kenyan entrepreneurs through medium and long term financing. The main task of ICDC is to prop up industrial development in Kenya. A key but poorly sold sector to the public. ICDC offers venture capital, joint-ventures, commercial loans and asset financing.
Like ICDC, KIE is joined to the Ministry of Industrialization at the hip. The Kenyan Government is aware that industrialization is the key to reaching developed status. It is little wonder then that KIE is driven to indigenize industry in Kenya. It provides industrial sheds, subsidizes credit and improves entrepreneurial skills of small to medium size enterprises. KIE offers Jua Kali sector loans of between sh.100,000-500,000 and to medium enterprises it offers up to 14 million shillings.
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Industry is a capital heavy venture thus excuse the government’s many Development Finance Institutions. IDB has been in existence for a long time just like its sister institutes. Established in 1973, it offers secured loans for medium and large industrial enterprises. The loans come in typical variety; be it project and asset financing or even hire purchase. IDB will assist you establish or expand your business so go for it.
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