The Star (Nairobi)

Kenya: Few Teso Women Take State's Cheap Loans

TESO Cheaper and affordable Women Enterprise Fund loans are lying idle with few women submitting their applications to acquire them.

The funds Western region coordinator Nelson Ondiek said since the launch of the fund five years ago, only Sh3.8million had been loaned out.

"Why go for high interest loans and yet funds that you repay with no interest are available?" Ondiek asked.He said the department of social services still needs to carry out a lot of capacity building to educate women on the benefits of the fund.

Teso North DO Andrew Mutua urged women and the youth to capitalize on cheaper subsidized government funds to empower themselves economically.

He said most groups collapse due to lack of a clear investment agenda since they acquire loans and fail to use on intended purpose.

Ads by Google

Copyright © 2013 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.