President Uhuru Kenyatta and Deputy President William Ruto on Sunday Sept, 8th 2013 unveiled the Sh6 billion Uwezo Fund, a culmination of the Jubilee Coalition’s pledge of propelling the youth and women to the centre of national prosperity.
What is Uwezo Fund?
Uwezo Fund stems from the outcome of the last general election during which His Excellency the President made a pledge to allocate the Kshs. 6 Billion meant for Presidential run-off to youth and women groups.
Why the Uwezo Fund?
The objectives of the Uwezo Fund are:
- To expand access to credit for the promotion of youth and women businesses and enterprises at the constituency level and thereby enhance economic growth towards the realization of the goals of Vision 2030;
- To generate gainful self-employment for the youth and women;
- To model an alternative framework in funding community driven development.
Who qualifies as a beneficiary of the Uwezo Fund?
Any Registered Youth and Women groups qualifies to be a beneficiary of the Uwezo Fund
What is the eligibility criterion for the Uwezo Fund?
- For women and youth groups to qualify for the Uwezo Fund, they must:
- Be registered with the Department of Social Services or the Registrar of Societies with a membership of 9 – 15 members.
- The youth group membership must be between 18 and 35 years of age.
- Preference will be granted to groups that have been in existence for at least six (6) months.
- Be based and operating within the Constituency it seeks to make an application for consideration.
- Operate a table banking (Chama) structure where members make monthly contributions according to the groups’ internal guidelines (evidence of monthly contributions will be a requirement).
- Hold a bank account in the name of the group
- Recommended by the Chief of the location.
President Uhuru Kenyatta and his Deputy William Ruto are tickled by TV comedians Mchungaji and Mtumishi during the launch of Uwezo Fund at the University of Nairobi grounds – Sept 9th 2013.
President Uhuru Kenyatta and his Deputy William Ruto admire a hand woven plastic bag at an exhibition during the launch of Uwezo Fund at the University of Nairobi grounds – Sept 9th 2013.