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);
“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.
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 http://www.wef.co.ke/ for more information on the Women Enterprise Fund (WEF)