The Uwezo Fund is a youth and women’s fund which has its genesis in the pledge His Excellency the President made to allocate the Kshs. 6 billion that was meant for the presidential run-off to youth and women groups. Its objectives are:
To expand access to finance through grants and credit to promote youth and women businesses and enterprises at the constituency level, thereby enhancing economic growth towards the realization of the goals of Vision 2030;
To generate gainful self-employment for Kenyan youth and women;
To model an alternative framework in funding community driven development.
The Uwezo Fund which provides youth and women access to grants and interest-free loans, as well as mentorship opportunities to enable them take advantage of the 30% government procurement preference for youth, women and persons with disabilities through its Capacity Building Programme.
The principles of Uwezo Fund are:
Representation: to ensure the inclusion of all Kenyans including women, youth, persons with disabilities, elected parliamentary representatives and respective government officials.
Accountability: to ensure government is held responsible to the citizenry for its decisions and actions.
Accessibility: guaranteeing accessibility at the lowest level of engagement and for the largest category of recipients using a simple, structured and least cost approach.
Economy: use of the best but least cost mechanism to achieve the desired objective.