Wednesday, July 2, 2008
Youth Enterprise Fund succeeds in leveraging funds for youth
It is almost official, the Youth Enterprise Development Fund has succesfully negotiated deals with several commercial banks where the banks are providing between 5-9 Kshs for every one that the Fund gives to youth. This leverage will result in close to 10 Billion Kenya shillings which will be available to youth across the nation to support the enterpreneurial activities.
Having already reported a 90% success rate in payments against loans advanced to the youth in 2007, the YEDF expects to maintain the good record while boosting the disbursement of funds through the new partnerships.
Also interesting to note is the move this year towards seriously considering how to start using equity instruments to support the youth.
All I can say is more, more, more!