Due to the need and urgency of economic empowerment in the County, Deputy Governor Daniel Chemno has called on the County Inua Biashara Fund Committee to begin their work immediately.
Speaking today at the county headquarters during the inauguration of the fund committee, Chemno said residents are in need of the funds so as to uplift their businesses.
The Ksh40m fund will see those with small businesses and those with business ideas faced with capital challenges get access to the loan which will attract a 5% interest annually.
The payment of the loan is required to be at least 2 years. The more we pay the more the funds increase thus reaching out to other people” said Chemno
ICT, Trade and Industrialization CECM Dr. Emily Kogos said the fund is specifically meant to spur the county economy and improve the economic status of the people especially the youth who make a better part of the population.
We want to see small businesses grow because it is through the SMEs that many people, especially the youth, have been employed,” said Kogos
“…cottage industries is what we are projecting to see people come up with so that they can add value to their business” she added
The fund chair Mrs. Rebecca Chirchir on her part noted that the committee will strive to create a conducive business environment for all stakeholders in fighting poverty in the county.
The committee members comprise of Peris Muraya, Everlyn Cherono,Abdi Ibrahim and Hosea Mengich.
Top county officials present during the event include County Secretary Edwin Bett,Finance CECM CPA Julius Ruto,COs John Kemboi(ICT), Jane Njuguna(Education), Peter Chesos(Finance),Julius Rotich(Agriculture),Joseph Maritim(Youth),Directors Kipleting Mengich(Trade),Jonah Lamai(licensing), Titus Kimaiyo(ICT).