By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Youth Village KenyaYouth Village KenyaYouth Village Kenya
  • Home
  • Education
  • Employment
  • Entertainment
    • Celebrity News
    • Celebrity Interviews
    • Sports
    • Fashion
    • Politics
    • Tech
  • Opportunities
  • Health
  • Contact Us
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Youths In Nairobi Receive A Lion’s Share In Funds Allocation
Share
Sign In
Notification Show More
Font ResizerAa
Youth Village KenyaYouth Village Kenya
Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Youth Village Kenya > Blog > Business > Youths In Nairobi Receive A Lion’s Share In Funds Allocation
Business

Youths In Nairobi Receive A Lion’s Share In Funds Allocation

Editor
Last updated: 2016/10/05 at 9:57 AM
Editor
Share
2 Min Read
SHARE

Youths in Nairobi have receive the biggest share of Youth Enterprise Development Fund (YEDF) being allocated across the 48 counties in the country.

bahati

Out of the total Sh11.9 billion lent out to 886, 313 youths countrywide over the period of 10 years, young people in the Kenyan capital have been since the biggest beneficiaries, receiving Sh2.3 billion for various loan products, the report read.

Kiambu County came second, having received loans worth Sh894 million, followed by Nakuru (Sh746 million), Meru (Sh690 million), Nyandarua (Sh491 million), Uasin Gishu (Sh452 million), Murang’a (Sh427 million and Mombasa (Sh410 million).

Youths in Samburu County received the least amount at Sh11 million, followed by those in Mandera (Sh17 million), Tana River (Sh22 million), Marsabit (Sh23 million) Lamu (Sh24 million) and Wajir Sh27 million).

According to this latest report, a total of Sh1.7 billion in loans has been extended to 33,714 youth groups in Nairobi through financial intermediaries while 349 groups that won Government tenders have benefited from Sh205 million in trade financing.

“Despite the high uptake of loans, YEDF still experiences defaults, mainly as a result of lending to a clientele that is perceived to be risky. This eats into the money available for lending,” the report found.

The fund could do better as much as it has registered worthwhile progress, Ronald Osumba the Youth Fund chairman believes

 

You Might Also Like

Build a Powerful Online Presence with Paid Article Placement in Kenya

Corporate Governance Scores Drop Among Kenyan Companies, Says CMA 2023/2024 Report

Botswana Businesses Relaunches as the Premier Resource for Entrepreneurs and Business Leaders

10 Things You Should Know About Tom Gitogo

10 Things You Should Know About Peter Ndegwa

TAGGED: Business, funds, loans, Youth

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Editor October 5, 2016 October 5, 2016
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Opportunities For Jobs That Needs Less Experience In Tourism
Next Article Football Fanatics Online Wishing To Get ‘Booked’ For A Date
- Advertisement -

Latest News

Ann Mwangangi Pens Touching Message as Kenyans Send ‘Deposit’ to Mortician Amid Gen Z Memorial Protests
Life Style June 25, 2025
Veteran Rapper Khaligraph Jones Speaks Out After Police Clash During June 25 Protests
Breaking News June 25, 2025
Kenyan Celebrities Stand in Solidarity with Protesters During June 25 Demonstrations
Breaking News June 25, 2025
Mammito Eunice Joins June 25 Protests Just Three Months After Giving Birth
Life Style June 25, 2025
Amina Abdi Rabar Sparks Concern with Eulogy Photo Shoot Ahead of June 25 Protests
Life Style June 25, 2025
Juliani and Lilian Ng’ang’a Quash Breakup Rumours with Romantic Birthday Celebration
Celebrity News June 24, 2025
Anne Njogu Criticises Gen Z for Making Light of Death Ahead of June 25 Protest
Life Style June 24, 2025
Mama Ngina Kenyatta Turns 92 as Kenyans Celebrate a Pillar of the Nation’s History
Life Style June 24, 2025
- Advertisement -
Follow US
© 2023 Youth Village Kenya By Nine80 Digital Media
Welcome Back!

Sign in to your account

Lost your password?