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KNCCI branch to assist youths and women secure loan

KNCCI branch to assist youths and women secure loan

Bureti,

Wednesday, March 13, 2024

KNA by Sarah Njagi

The Kenya National Chamber of Commerce and Industry (KNCCI), Kericho Branch, has pledged to assist women and youths in the County access low interest loans, to support or start small scale businesses.

Addressing the media, KNCCI Kericho Branch Chairman, Mr. Robinson Bett, said women and youths will also be assisted with trainings and orientations on securing their loans for their intended businesses.

“Kericho KNCCI Branch has secured some funds to facilitate women and youths, to start small scale businesses. The secured funds being dispersed through an initiative dubbed Jiinue Programme, targeting youths and women. The loan being offered has a low interest rate of 0.8 per cent, which range from Sh 3,000 to Sh 200,000,” said Bett.

He revealed that KNCCI is geared to assist youths and women, conduct their businesses in a conducive business environment.

The Kericho KNCCI Chair, urged the youths and women as well as traders to apply for the loans, where they will undergo vetting, before dispersal of the loans, while urging those who become successful in securing the loan, to utilise the monies well and repay back on time.

“We have our database, which helps us weed-out those unscrupulous business persons whose repayment records are objectionable,” he said.

Mr. Bett was speaking during a training session for a group of youths drawn from the six Sub-counties in Kericho, notably; Ainamoi, Belgut, Londiani, Kipkelion, Soin/Sigowet and Bureti Sub-counties held at a Kericho hotel.

The capacity building trainings on entrepreneurship were facilitated by Ketepa Sacco, ABSA Bank among others.

Courtesy; KNA

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