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|How To Apply For Uwezo Fund Government Loan by Kenyans247(m): Fri Aug 2019 11:30pm|
Uwezo fund seeks to expand access to finances and promote women, youth and persons living with disability led enterprises at the constituency level.
It also provides mentorship opportunities to enable the beneficiaries take advantage of the 30% government procurement preference through its Capacity Building Programme.
Uwezo Fund, therefore, is an avenue for incubating enterprises, catalyzing innovation, promoting industry, creating employment, and growing the economy
1. For a group
Must be registered with the department of social services, cooperatives or the Registrar of Societies
Members should be aged between 18 and 35 years whereas the women’s groups shall be made up of women aged eighteen years and above
Should be based and operational at the constituency it seeks to make an application for consideration.
Operates a table banking structure or any other group fund structure where members make monthly contributions according to the groups’ internal guidelines (evidence of monthly contributions shall be a requirement);
Hold a bank account in the name of the group.
2. For an institution
Should be a registered entity
Has listed youth and women groups within it.
How to apply
Fill in an application form (available from the Constituency Uwezo Fund Management Committee office,CDF Offices or download, submit the application form together with relevant documents to the Constituency Uwezo Fund Management Committee office and await notification from the committee
Top 8 Benefits of Having a Mobile Loan App in Kenya
(a) For administration of the Fund:-
The access by eligible groups of the Fund, shall be on a first come first served basis, subject to assessment and approval of the loan, provided that the Committee shall ensure equitable distribution of funds in the wards
Eligible qualifying amounts for a group shall be a minimum of fifty thousand 50,000) and a maximum of five hundred thousand (500,000) shillings at any one time.
(b) In determining the total amount a group is eligible to receive, the following criteria shall be applied:-
The length of time the group has been in existence
The total amount contributed by the group
The current status of contribution and
The proposed business plan for the loan applied
NB: The eligible amount shall be three times the group savings BUT it shall not be:-
Below Kshs. 50,000 (Minimum),
More than the amount applied for in the application form and
More than Kshs. 500,000 (Maximum)
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