Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…
By Our Reporter Saccos are among financial institutions that have defaulted on repayment of Youth Enterprise Development Funds (YEDF). National Assembly Special Funds Accounts committee led by South Imenti MP Kathuri Murungi has directed the fund’s CEO Josiah Moriasi to recover all the interests, penalties and full principal amounts. Appearing before the committee Moriasi said…
