The Youth Enterprise Development Fund (YEDF) office in Kericho has disbursed KSh 5,192,150 in loans for the 2024-2025 financial year, supporting 25 youth groups and 29 individual entrepreneurs engaging in a range of income-generating ventures, including agribusiness, beauty and cosmetics shops, cybercafés, and table banking initiatives, among others, across all the Sub-counties in Kericho County.
Speaking to Kenya News Agency, Kericho County Credit Officer Victor Langat revealed that an additional KSh 4,618,500 is set to be disbursed to eligible youth groups and individuals who have already registered and qualified for funding, with the aim of scaling up their income-generating activities across various sectors.
The County Credit Officer also highlighted the Migration Loan as one of the fund's most impactful initiatives, noting that it has so far benefited 25 youths pursuing job opportunities abroad in destinations such as the United Kingdom and the United Arab Emirates (UAE), with the loan specifically tailored to ease the financial burden of travel-related expenses including visa processing, air tickets, and essential documentation for young job seekers venturing into global employment markets.
He explained that eligible applicants can receive up to KSh300,000, with the exact amount determined by the destination country, adding that the funds are specifically structured to cover key travel expenses such as visa application fees, return air tickets, medical examinations, and other essential documentation required for international job placements, thereby easing the financial strain on young people preparing to work abroad.
