Garissa County unveils Sh38 million revolving fund loan to support vulnerable groups
According to the governor, funds have already been disbursed to 60 groups, each receiving Sh500,000, while another 20 groups were allocated Sh400,000. The loans are accessible without the requirement of collateral.
Garissa County on Thursday launched a Sh38 million revolving fund programme aimed at providing affordable loans to youth, women, and people with disabilities.
Unveiling the programme, Garissa Governor Nathif Jama said the initiative seeks to tackle the high unemployment rate and empower vulnerable groups with sustainable opportunities for self-reliance.
More To Read
- Over 300,000 children vaccinated against polio in Garissa County
- Six police officers killed, four injured in suspected Al-Shabaab attack in Garissa
- Garissa floods and drought: Kenya Red Cross ramps up volunteer recruitment to boost disaster response
- Kenya Red Cross trains 60 community members in Garissa on life-saving skills
- Garissa marks International Women’s Day with call to end FGM, early marriage
- Over 2,500 youth in Garissa County register for overseas jobs
Garissa Governor Nathif Jama addressing the beneficiaries. (Issa Hussein)
“We developed the revolving fund programme to help youth, women, and persons with disabilities grow their businesses and improve their livelihoods,” he said.
According to the governor, funds have already been disbursed to 60 groups, each receiving Sh500,000, while another 20 groups were allocated Sh400,000. The loans are accessible without the requirement of collateral.
He urged small-scale traders from the 30 wards who secured funding after their proposals were approved by the revolving fund board to adhere to the repayment agreement, which includes a grace period of three months.
Vice-chair of people with disability Nimo Salat Wardere receiving a cheque from Governor Nathif Jama. (Issa Hussein)
Garissa County Commissioner Mohamed Mwabudzo encouraged the beneficiaries to utilise the funds effectively to enhance their livelihoods and contribute to the economic growth of Garissa County.
Nimo Salat Wardere, Vice Chairperson for People Living with Disabilities in Garissa County and a beneficiary of the programme, expressed her joy over the initiative. She noted its significant potential to impact vulnerable members of the community positively.
She also urged beneficiaries to remain committed to repaying the loans, ensuring that more individuals can benefit during future disbursements, especially those who were unable to secure funding in the current round.
Top Stories Today
- Who is Robert Prevost, the new pope?
- Cardinal Robert Prevost elected as Pope Leo XIV
- Who is Erastus Edung Ethekon? Ruto’s nominee for IEBC Chairperson
- Sifuna, Owino urge MCAs to fearlessly continue oversight work after Munuve’s death
- Education spending to fall despite rising enrolment, more schools
- Rains to persist across Kenya with isolated heavy downpours - Met
- UDA launches registration portal for grassroots elections in 22 counties
- Over 5,000 number plates ready for collection - NTSA
- Kasipul MP Were murder case: Suspects to their know fate on Friday
- Concerns raised over DPP's handling of Baby Pendo's murder case
- Explainer: Who are the striking UHC workers, and why are they protesting?
- White smoke appears from chimney of Sistine Chapel, signals new pope elected
- Ruto nominates Erastus Ethekon as IEBC chairperson
- HELB streamlines loan repayments for both local and overseas borrowers
- Kasipul MP’s bodyguard, driver spoke and held meetings with suspects before murder
- More Kenyans disappeared during anti-riot operations than during anti-terror operations
- DCI arrests 28 suspects, recovers 22 stolen vehicles across 11 counties
- Security, polls dominate Somalia's National Consultative Council meeting
- Were murder probe: Detectives trace suspicious call to MP's bodyguard
- "Joel touched many lives," Family, friends pay tribute to MCA Munuve
