MORE than Sh4.2 billion has been disbursed to various registered women and youth groups, Uwezo Fund Oversight Board CEO
Buyema said due to the increased number of women applying for the loan, there government needs to increase the amount of funding so as to meet the demand.
He said many youths, unlike women, are reluctant to apply for the interest free loan to start businesses.
"Women are overtaking the youth is applying for the loans," Buyema said.
He said that any member of a registered women and youth group who defaults in loan repayment will not have their property auctioned as happens with micro finance institutions. The members of the registered group will take full responsibility on behalf of the defaulter.
The CEO was speaking at Iten playground on Saturday when he presided over the disbursement of more than Sh70 million to be loaned to registered women and youth groups in Elgeyo Marakwet county.
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