Youth and Women groups from Murang’a County which sourced funds from various enterprise funds have been commended for full repayment of their loans.
Public Service, Youth and Gender Affairs Cabinet Secretary (CS), Ms. Sicily Kariuki said it is only in Murang’a where the groups which benefited from Youth Enterprise Development Fund and Women Enterprise Fund who have fully repaid their loans.
By repaying their loans, Kariuki said it indicates the groups have invested wisely money they sourced from the two funds.
Speaking in Sabasaba area of Murang’a County on Monday, the CS said despite the success in the two funds, those who got funds from Uwezo Fund have been struggling to repay their loans.
In the last financial year, Kariuki noted that loan repayment in Uwezo fund stood at 56 percent, saying this has forced the ministry to slow down issuance of loans to groups which have not repaid 60 per cent of their loans.
As we encourage groups to apply for loans in Uwezo Fund, we will only consider those who have paid their loans up to 60 percent, she stressed.
She noted that the government has released Sh. 40 million which will be shared between the three funds; Youth, Women and Uwezo Funds for Murang’a county.
From the kitty, Women Enterprise Fund will get Sh. 13.75 million, Sh. 6.67 will be allocated for Youth Enterprise Development Fund while Uwezo Fund will get sh. 18.52 million.
The CS said groups and individuals who intend to benefit from the money should send their applications saying within a period of one month the qualified applicants will get their money.
I appeal to youth and women groups to take advantage of these funds as they will help in putting up income generating projects and in my ministry we have experts who can give you guidance on how to make the best investments, added Kariuki.
Through the funds, she said the government is geared to alleviate poverty and improve livelihoods of many Kenyans.
Meanwhile, the CS said her ministry is focused to curb cases of gender and domestic violence which have been on the rise.
Many lives, she noted have been lost through gender and domestic based violence adding the government will employ various ways to end such cases.
My Ministry is very concerned on increased cases of rape, assault and killings in our families and we are committed to employ various measures to end such crimes, Kariuki added.
She was accompanied by three Murang’a legislators including; Mary Waithera (Maragua), Alice Wahome (Kandara) and Peter Kimari (Mathioya).
Source: Kenya News Agency