Frequently Asked Questions
What is Uwezo Fund?
Uwezo Fund stems from 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.Why the Fund?
The objectives of the Fund are:
- To expand access to credit to promote youth and women business and enterprises at the constituency level and thereby enhance economic growth towards the realization of the goals of Vision 2030;
- To generate gainful self-employment for the youth and women;
- To model an alternative framework in funding community driven development.
Registered Youth and Women groups and Religious OrganizationsWhat is the eligibility criterion?
For women and youth groups to qualify, they must:
- Be registered with the Department of Social Services or the Registrar of Societies with a membership of 5 – 15 members.
- The youth group membership must be between 18 and 35 years of age. The women’s group must be made up of women.
- Preference will be granted to groups that have been in existence for at least six (6) months.
- Be based and operating within the Constituency it seeks to make an application for consideration.
- Operate a table banking (chama) structure where members make monthly contributions according to the groups’ internal guidelines (evidence of monthly contributions will be a requirement).
- Hold a bank account in the name of the group.
- Recommended by the Chief of the location.
- For religious institutions to qualify, they must be:
- Registered entities;
- Recommended by the Inter-religious Council of Kenya;
- Have listed youth and women groups.
- An application to the Uwezo fund shall be accompanied by:
- A signed guarantee form executed by each member of the women or youth group individually committing to repay the loan requested by the group.
- Individual group member reference letters from recognized leaders in business, religious organizations, national or county government administration in the location validating the member’s credibility.
How will youth and women access the fund?
Step 1: Sign up for Capacity Building Programme once launched
Step 2: Ensure that you meet the eligibility criteria
Step 3: Fill an application form (this form will be available at the
Constituency Uwezo Fund Management Committee office
and on the Uwezo Fund website)
Step 4: Submit the application form together with relevant
documents to the Uwezo Fund Management Committee
within your constituency
Step 5: Await notification of the Uwezo Fund Management
The monies will be payable only to a group, from a minimum of Kshs. 50,000 and not exceeding Kshs 500,000 at a time. The fund will be distributed on a first come first served basis, depending on eligibility of the application. In determining the total amount a group is eligible to receive, the following considerations will be made:
- The length of time the group has been in existence;
- The total amount contributed by the group;
- The current status of contribution;
- The proposed plan for the loan.
The repayment period for the loan element will be determined by the following:
- The amount of money borrowed;
- The size of the group;
- The proposed plan for the loan.
Groups will be allowed a 6 month grace period before commencement of repayment of the loan element.
All loans will be payable within 2 years from the end date of the grace period.
No, this is a separate fund but will complement the other two existing Funds.Is there interest payable?
No, but a 3% administration fee will be charged.How do Persons with Disabilities benefit?
Application for funds by Youth and Women living with Disabilities will be given special consideration.