Traders set to reap more as County nears Inua Biashara Fund rollout

Traders set to reap more as County nears Inua Biashara Fund rollout

The County Government of Uasin Gishu is soon going to roll out capacity building to all traders on business skills.

The exercise that will be championed by the Department of ICT, Trade, and Industrialization will enable traders across the County to reduce the rate at which business are closed and a way of cushioning the County in terms of lending.

This is in preparation for the rollout of the Inua Biashara Fund which will see interested businessmen and women access the fund with an estimated interest rate of 5% per annum subject to review.

According to the County Chief Officer for Trade and Industrialization Simeon Tanui, the Inua Biashara Fund had been allocated sh 40m but the amount of money that is ready for the rollout is Ksh 22M and a subsequent sh18m will be added as time goes.

“The fund committee upon having their meetings will determine the roll out date. The fund is not limited to specific people but subjects to groups and individuals” he said.

On matters of markets, Tanui says the stalls verification and allocation of the main wholesale market in Eldoret town have been completed and currently the traders are putting up tables in their perspective stalls.

He added that since the traders had occupied the adjacent hawkers market, upon moving to the newly renovated wholesale market, the department will review the available spaces and allocate potential hawkers who are operating in undesignated points.

“The growth of the town requires an extension of such facilities(markets) and it is for this reason that the County administration is strategizing on plans of sourcing for space where a wholesale market will be established within the CBD,” said Tanui.

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