Laikipia County Enterprise Fund Conducts Sensitization Forums In Salama Ward
Updated on: Aug 15, 2023
Laikipia County Enterprise Fund has concluded a two-day sensitization forum in Thome, Kiamariga, Salama, Pesi areas within Salama Ward. The forums served as a platform to share Enterprise Fund objectives of enterprise development and provision of affordable credit to Micro Small and Medium Enterprises (MSMEs) as well as educate group members on the process of registration, group operation, financial business management, record keeping skills and requisite documents required during loan application.
Most of the entrepreneurs were involved in various economic activities like table banking, farming, livestock trading, general trading and Boda Boda operation. Enterprise development and wealth creation are one of the key pillars of H.E. Governor Joshua Irungu EGH manifesto. Towards achieving this pledge, there is need to continuously sensitize and educate MSMEs in the County on the affordable financial options available to them.
"The Governor is very passionate about wealth creation in rural areas and that can be done through engaging in activities that generate income. Through Laikipia County Enterprise Fund, he intends to stimulate the economy and alleviate the living standard of people of Laikipia by availing loans at affordable interest rate," Joseph Maina, Laikipia County Enterprise Fund Board Chair affirms.
Enterprise Fund seeks to inject working capital into self-help groups across the County to enable them engage in income generating activities. The Enterprise Fund provides affordable and accessible credit to registered groups at an interest rate of 6% per annum.
Groups can be able to access amounts ranging from Ksh 50,000 to Ksh 300,000 repayable within two years. The Fund provides different type of loans such as group loans, business financing, LPO/LSOs financing, asset financing and agri-business financing.
"We are grateful for this forum as it was very informative, as a group we will deliberate during our meeting and start the loan application process," says Lokwaro Ekai, Member Nabeyei Self Help Group.
The Fund also provides other services to enterprises such as; business plan development, linkages to market, capacity building, linkages to relevant specialists, and strategic partnerships.
"We are encouraging and enabling groups undertaking agricultural activities to move towards mechanization and value addition to expand their market and generate more income. We also assist entrepreneurs in acquiring certification by government agencies such as KEBS," says Evelyn Mbugua, Laikipia County Enterprise Fund Administrator.
Since its inception, the Enterprise Fund has disbursed loans amounting to Ksh 64,270,464 to 8,157 beneficiaries leading to job and wealth creation.
Most of the entrepreneurs were involved in various economic activities like table banking, farming, livestock trading, general trading and Boda Boda operation. Enterprise development and wealth creation are one of the key pillars of H.E. Governor Joshua Irungu EGH manifesto. Towards achieving this pledge, there is need to continuously sensitize and educate MSMEs in the County on the affordable financial options available to them.
"The Governor is very passionate about wealth creation in rural areas and that can be done through engaging in activities that generate income. Through Laikipia County Enterprise Fund, he intends to stimulate the economy and alleviate the living standard of people of Laikipia by availing loans at affordable interest rate," Joseph Maina, Laikipia County Enterprise Fund Board Chair affirms.
Enterprise Fund seeks to inject working capital into self-help groups across the County to enable them engage in income generating activities. The Enterprise Fund provides affordable and accessible credit to registered groups at an interest rate of 6% per annum.
Groups can be able to access amounts ranging from Ksh 50,000 to Ksh 300,000 repayable within two years. The Fund provides different type of loans such as group loans, business financing, LPO/LSOs financing, asset financing and agri-business financing.
"We are grateful for this forum as it was very informative, as a group we will deliberate during our meeting and start the loan application process," says Lokwaro Ekai, Member Nabeyei Self Help Group.
The Fund also provides other services to enterprises such as; business plan development, linkages to market, capacity building, linkages to relevant specialists, and strategic partnerships.
"We are encouraging and enabling groups undertaking agricultural activities to move towards mechanization and value addition to expand their market and generate more income. We also assist entrepreneurs in acquiring certification by government agencies such as KEBS," says Evelyn Mbugua, Laikipia County Enterprise Fund Administrator.
Since its inception, the Enterprise Fund has disbursed loans amounting to Ksh 64,270,464 to 8,157 beneficiaries leading to job and wealth creation.
