Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch will assist youths in the county to venture into small scale businesses through access to funds and financial training.
The chairman of the branch Pastor Robinson Bett said the youths in the county urgently need financial help which should be provided after financial trainings and orientations.
“The current situation facing the youths in all our counties is dire and needs a concerted and serious attention from various stakeholders. As a branch, we have secured some funds intended to facilitate the youths and women to start small scale businesses. The loan being offered has a low interest rate of 0.8 per cent.”
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He said KNCCI President Dr. Eric Ruto had secured funds which were being dispersed through an initiative known as Jiinue Programme targeting the youths and women. It ranges from as low as KSh3000 to KSh200,000. He said the chamber does not engage in business but helps business people operate in a conducive environment.
He was speaking during a training session for a group of youths drawn from the six sub counties of the county. The capacity building trainings on entrepreneurship were facilitated by Ketepa Sacco, ABSA Bank among others.
The chamber currently offers a loan facility which attracts a small interest, therefore the chairman asked traders from the county to apply, where they will be vetted. He asked those who will be successful to utilize the loans prudently and repay on time.
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“We have our database which helps us to weed out unscrupulous businessmen whose repayment records are wanting, “he said.
He said arbitrary increase of Single Business Permits due to the effect of zoning of regions has some implications financially to local traders adding that such changes should have resulted from a proper public participation which should have been carried at the Ward level.
The leader said the chamber was in the forefront in advocating for action on climate change which he said should be taken seriously.
By Benedict Ngetich
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