Garissa County unveils Sh38 million revolving fund loan to support vulnerable groups
By Issa Hussein |
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.
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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.
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