Youth Fund Kenya access in 7 easy steps!

The Youth Enterprise Development Fund is a fund set aside by the government to provide affordable loans to youths interested in undertaking business.

The fund, only granted at the constitutional level, offers startup loans targeting youths who are in registered groups.

Below are the Loans offered

• Individual Start-Up Loan (Vuka Start-Up)

This type of loan targets youth who wish to open commercial enterprises. The loan is only granted to youth with an alternative checkable income and an attainable business plan. The applicant may use the credit for working capital or purchase income-generating assets.

• Talanta Loan

Talanta loan is offered to youth in the creative/performing arts. Applicants may be individuals, registered groups, partnerships, and companies owned and run by youth

• Group Loans
• Expansion loans
• Agribizz loans
• Talanta Loan for individuals
• LPO Financing

Read Also: How to check your CRB status in Kenya

Requirements for access to the Youth Fund

These are some of the documents which must be presented to the youth office at constituency level when applying for a loan from the youth fund.

• Group/Business registration certificate
• Group membership list with copies of member National ID
• Minutes from the group’s meetings authorizing loan borrowing

Note: Individual youths can access business expansion loans from the fund for working capital or the purchase of income-generating assets.

Below are seven steps on how to apply and get youth fund:

How to apply:

1. You can either apply as an Individual or a group. All you need to do is to visit your respective constituency/sub-county Youth offices.
2. Pick and fill the loan application forms and attach all the required documents.

-Valid Registration Certificate and certified membership list

-Copies of identity cards for group members

-Group minutes authorizing the loan application

1. Return the loans in the same office and wait for the loans officer response

2. The loan officer will then guide you with all other necessary steps.

3. He will also provide training, vetting, and guide you on how to repay the loan within the stipulated time.

4. If successful, the loan will be credited to the group’s/business account

5. Use the loan for the purpose applied for.

   

However, Individual youths can access business expansion loans from the fund for working capital or for the purchase of income-generating assets.

The individual must be a member of a group that has repaid their group loan.