Sh 8 million revolving fund for Lamu, Jua Kali artisans

Registered Jua Kali artisans in Lamu might finally be getting a lucky break, after the Lamu county government approved a Sh8 million revolving fund to provide them with loans to boost their businesses.

The move, according to CEC for trade, tourism and industrialisation Dismas Polle Mwasambu, is aimed at addressing issues of capacity and financing to provide loans to a sector that has often been marginalised.

He revealed that plans were underway to provide at least 300 artisans, who are registered with the Lamu county government, with funds to grow their businesses.

The Jua Kali sector has long been touted as engines of growth, however, for a long time, most artisans in Lamu have complained of limited government facilitation towards growing the sector.

The criteria for those who will benefit from the fund are those who are registered as jua kali artisans with the Lamu county government, with proven premises and businesses, Mwasambu stated.

He added that the revolving fund will be initially carried out on a pilot basis.

He stated that the county government will increase funding for the jua kali artisans if the revolving fund proves to be a success by the next financial year.

The CEC also stated that the county government will push for the patent and trademark licenses with the Kenya Intellectual Property Institute to be given to Lamu jua kali members to protect their products from unscrupulous middlemen who counterfeit their wares.

The county government is inclined to create a good working environment for the Juakali sector by providing working machines, capacity building programmes among other goodies, the county executive stated.

Source: Kenya News Agency