How do you qualify for Youth Fund?

Youth fund loan requirements

  1. The group must have a valid registration certificate from the relevant government body.
  2. Group membership must not be less than 5.
  3. Group Membership must be at least 70% youth (18-34 years), and leadership, 100% youth.

How can I access my youth fund in Kenya?

You can either apply as an Individual or a group. All you need to do is to visit your respective constituency/sub-county Youth offices. Pick and fill the loan application forms and attach all the required documents. The loan officer will then guide you with all other necessary steps.

What is Rausha loan?

Rausha is a group loan for startup businesses or other income generating activities. Loan amount is Kshs. 100,000. Rausha loan has a three-month grace period. Repayment will be made in twelve (12) equal monthly instalments.

How can I get funding in Kenya?

Here is a list of institutions in Kenya that offer business funding:

  1. Crowd-sourcing Institutions.
  2. Banks.
  3. Microfinance Institutions.
  4. Youth Enterprise Development fund.
  5. Venture capital.
  6. Incubators and accelerators.
  7. Family and friends.
  8. 10 Tips on Growing an eCommerce Startup.

Can an individual apply for youth Fund?

Start-up applicants must be organized in groups, or must have alternative income, or must provide conventional securities. The loan is available to youth in the Creative/Performing Arts. The applicant may be an individual, registered group, partnership or companies owned and run by youth.

How can I get money from uwezo?

How to apply for the Uwezo Fund

  1. Sign up for Capacity Building Programme once launched and ensure you get a certificate.
  2. Ensure that you meet the eligibility criteria.
  3. Fill an application form.
  4. Submit the application form together with relevant documents to the Uwezo Fund Management Committee within your constituency.

How can I get a loan from uwezo?

HOW TO APPLY. Fill in the Uwezo Fund Loan application form available HERE as well as from the constituency offices countrywide. Submit the completed form to the constituency office you intend to obtain the loan from. Attach requisite attachments as indicated on the form.

What is uwezo fund?

The Uwezo Fund is a flagship programme for vision 2030 aimed at enabling women, youth and persons with disability access finances to promote businesses and enterprises at the constituency level, thereby enhancing economic growth towards the realization of the same and the Millennium Development Goals No.

How can I get grant for NGO?

As per the guidelines, all VOs/NGOs aspiring for funding by the Government of India shall register themselves at NGO Darpan. NGO darpan would provide a unique ID to an VO/NGO registered in the NGO Darpan portal. require to be submitted at the time of application for grant-in-aid.

Are there grants to start a business?

New South Wales: the MVP Grant offers up to $25,000 to help early-stage startups develop a minimum viable product. Australian Capital Territory: Innovation Connect Grants (ICON) supports entrepreneurs to develop and grow ideas. Grants usually range between $10,000 and $30,000.

How do I apply for uwezo as an individual?

How does the Youth Enterprise Development Fund work?

The Fund will finance 70% of the value of the assets/equipment being purchased. Additional security will be provided in addition to the asset financed. Loans of Kshs. 100,000 will be secured using chattels, stock, business assets and/or guarantees. Loans above Kshs. 100,000 will require conventional security.

What can you do with a youth loan?

Applicants may use the loan for working capital or to purchase income generating assets. Advanced to youth with alternative verifiable income and business plan. Youth can access up to Kshs. 500,000. The loan is fully secured by conventional security.

What’s the interest rate on a youth loan?

Youth can access up to Kshs. 500,000. The loan is fully secured by conventional security. From Kshs. 100,000 to Kshs. 5,000,000. Attracts an interest of 6% and a one-off management fee of 1% netted off from the loan at disbursement.

How is a loan of Kshs 100, 000 secured?

Loan of Kshs. 100,000 will be secured using chattels, stock and business assets. Loan above Kshs. 100,000 will be secured by conventional security. The Fund will finance 70% of the value of the assets/equipment being purchased. Additional security will be provided in addition to the asset financed.

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