WEALTH CREATION.

WEALTH CREATION.

JANE MUGAMBI 23RD MARCH 2012.


The Central Credit Officer of Youth Enterprise Development Fund James Wanjohi Kimotho has urged loan beneficiaries to invest in long term ventures that will help boost them in many years to come.

Mr. Kimathi who was speaking in Kerugoya added that many youth groups fail to reap maximum benefits from funds availed to them by the government by investing in unviable enterprises.


“Every individual planning to start an investment needs to check the net worth of his business” said Kimathi.


“Similarly such an undertaking must be a gainful endeavor which will help the investor reap benefits even in years to come.”

Last week a total of sh 625,000 was disbursed to seven youth self help groups and individuals in Kirinyaga Central.

However out of those who had applied for the loans seven groups did not meet the requirements set by YEDF board and hence were advised to reapply.

The officer also advised applicants who had failed to qualify for the YEDF loans to reapply after complying with relevant conditions.

He said his office will ensure successful applicants will have their funds processed within the next three weeks.

YEDF in partnership with Amiran (K) Limited has also launched a project to support young farmers acquire green houses in order to open agricultural opportunities in Kenya.


The partnership is also aims to help youth groups acquire Amiran Farmer’s Kit that includes agrochemicals, fertilizers, drip irrigation system and seeds worth sh. 358,344.


ENDS..

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