Nyando Constituency NG-CDF is set to disburse cheques worth Sh2.5 million from Uwezo Fund to 26 deserving youth, women groups and persons with disabilities to help generate self-employment and enhance economic activities.
The funds provide zero interest financial credit to Small and Medium Enterprises (SMEs) and youth-led entrepreneurs, facilitating the initiation and expansion of businesses to drive economic development in alignment with the government's Bottom-Up Transformation Agenda (BETA).
Uwezo Fund Field Officer in Nyando, Felix Ogalo, said the beneficiary groups included 20 new groups doing their first loan and 6 other groups processing subsequent cycles.
Speaking during a financial fitness training event held at the Nyando Social Hall, Ogalo said the Uwezo Fund Nyando Constituency Secretariat was through with the processes, awaiting the cheques distribution by the area MP, Jared Okello, next week. "All 26 beneficiary groups have undergone training in best business practices, group dynamics, and financial literacy to help members grow their ventures and successfully repay their loans," Ogalo stated.
