Youth Fund | Newsblaze.co.ke

Siaya’s Bondo Teachers Savings and Credit Cooperative Organisation, SACCO, is among the Financial institutions selected by the Women Enterprise Fund (WEF) to offer loans to various groups. This revelation was made in a presser by WEF detailing the list of successful SACCOs that will partner with the government run fund to deserving groups. Also selected is SMARTLIFE SACCO (formerly Marakwet Teachers Sacco) from Elgeyo-Marakwet County.

This is the presser from the Women Enterprise Fund (WEF);

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“Following advertisement for Expression of Interest by SACCOs, Co-operative Unions and Women Owned Institutions to partner with WEF for on-lending to Women Entrepreneurs, we wish to inform you that the following SACCOs were successful: NAKURU NORTH DISTRICT WOMEN SACCO LTD-NAKURU COUNTY, TAI SACCO-KIAMBU COUNTY,
BONDO TEACHERS SACCO SOCIETY LTD-SIAYA COUNTY, KENYATTA MATIBABU SACCO-NAIROBI COUNTY, FRIENDS WOMEN EMPOWERMENT ORGANIZATION (formerly Friends of Ravine Women Empowerment Organization)-BARINGO COUNTY, KAPACWA SACCO SOCIETY LTD-NYERI COUNTY, COMOCO SACCO LIMITED-NAIROBI COUNTY and SMARTLIFE SACCO (formerly Marakwet Teachers Sacco)-ELGEYO MARAKWET COUNTY.
Please note that the process of security perfection for a few others not appearing on this list is still on-going. We shall keep you updated.”

The Women Enterprise Fund is a Semi-Autonomous Government Agency in the Ministry of Public Service, Youth & Gender Affairs established in August 2007, to provide accessible and affordable credit to support women start and/or expand business for wealth and employment creation.

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The Kenya Government’s commitment to the realization of sustainable development goals on Gender Equality and Women Empowerment (SDG 5).

Within a span of four (4) years this commitment has been actualized in 2011 when the Fund emerged the winner of the Sustainable Development Goals Award for outstanding achievement on promoting Gender Equality and Women Empowerment.

Visit https://www.wef.co.ke/ for more information on the Women Enterprise Fund (WEF)

There are Agencies in the Directorate of Youth that play a key role in matters youths. These are initiatives meant for youth empowerment such as YEDF, WEF, AGPO and UWEZO funds.

1). Youth Enterprise Development Fund (YEDF)

This is a catalytic fund which was established in order to address youth un-employment through access to credit for business start-up that does not require collateral. It is disbursed to youth in registered youth groups or individual youth. YEDF provides guarantee credit for youth suppliers to government entities and also secures employment abroad for youth with technical skills.

2). Uwezo Fund

This is a catalytic fund targeting youth, women and persons with disabilities. It was established in order to address youth un-employment through access to credit for business start-up that does not require collateral. It is disbursed to youth in registered youth groups or individual youth

3). Access to Government Procurement Opportunities (AGPO)

Enhancement of youth employment is addressed through reservation of 30% of government procurement opportunities to youth, women and persons with disabilities.

4). National Youth Council (NYC)

The National Youth Council Act, 2009 provides a representation forum on delegation basis in line with Constitution of Kenya 2010. NYC champions for youth interest.

5). International Congress for Great Lakes Region (ICGLR)

This youth forum comprises countries in the Great Lakes Region namely; Angola, Burundi, Central African Republic, Democratic Republic of Congo, Republic of Congo, Republic of Kenya, Republic of Rwanda, the United Republic of Tanzania, the Republic of Uganda, Republic of South Sudan, the Republic Soudan and the Republic of Zambia.

The main purpose of ICGLR is to fight against youth unemployment through infrastructures development and investment.

The ICGLR Secretariat is hosted in Nairobi. Kenya played host to the Regional Multifunctional Youth Forum was held from 20th to 21st July 2014, in Nairobi.

6). President’s Award

The President’s Award-Kenya (PA-K) is an exciting self-development and character building programme available to all young people countrywide equipping them with positive life skills to make a difference for themselves, their communities, country and the world. The Award is open to all young people between the ages of 14 and 24, irrespective of gender, creed, race, social or physical status.

It has trained adult volunteer helpers who inspire and support the young people in their pursuance of the programme activities. The Programme grants the young people with the opportunity to discover and nurture potential leadership skills as well as motivation to serve the community.
It provides holistic development by addressing the following thematic areas:

a). Improved Educational attainment
b). Improved employability and sustainable livelihoods
c). Improved health and well-being
d). Increased participation in civic life
e). Social Inclusion
f). The Environment
Gender, equality and the empowerment of women
g). Reduction and prevention of violence, conflict resolution and peace building
h). Reduced re-offending (recidivism) rates

PA-K operates in across the 47 counties of the republic. So far over 350,000 young people have directly benefited through the Award and many more have benefited from the activities. As a result, some now in their adult lives are actively engaged in the socio-economic development of our country.

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Bondo and Marakwet Teachers SACCOs among institutions contracted by the Women Enterprise Fund to offer loans

Semi Autonomous Government Agencies in Directorate of Youth; the youth fund, Uwezo fund, President’s award