Home ABOUT US FUND OBJECTIVES

Fund Objectives

E-mail Print PDF
Article Index
Fund Objectives
FUND DISTRIBUTION CRITERIA
All Pages

Functions of the YEDF


The YEDF is mandated to perform the following functions:
a) Provide funding and business development services to youth owned or youth focused enterprises;
b) Provide incentives to commercial banks through appropriate risk mitigation instruments to enable them increase lending and financial services to youth enterprises;
c) Provide loans to existing micro-finance institutions, registered non-governmental organizations involved in micro financing, and savings and credit co-operative organizations for on-lending to youth enterprises;
d) Attract and facilitate investment in micro, small and medium enterprises oriented commercial infrastructure such as business or industrial parks, stalls, markets or business incubators that will be beneficial to youth enterprises;
e) Support youth oriented micro, small and medium enterprises to develop linkages with large enterprises;
f) Facilitate marketing of products and services of youth owned enterprises in both domestic and international markets;
g) Facilitate employment of youth in the international labour market; and
h) Carry out any other activities relevant to its principal mandate.



Fund Distribution Criteria

To ensure equity in the distribution the Fund, the following criteria has been initially used:

1. the first half of the Fund (Ksh. 345 million) has been divided equally to all districts
2. the second half of the Fund (Ksh. 345 million) has been divided as a factor of the population of young people in each district

The proposed disbursement criteria entail the following:

1. Deliberate targeting of areas not sufficiently served by Financial Intermediaries
2. Priority focus on funding geographical areas based on economic potentials
3. Emphasize funding of economic sectors with high potential for youth employment

Fund Disbursement Level

Minimum conditions for accessing the Fund

1. One must fall in the age bracket of 18 to 35 years and Kenyan.
2. One must have the intention of investing the Fund in a business venture.
3. The Fund is a loan and must therefore be repaid.
4. Any form of legally registered organization or firm operating in Kenya
Last Updated ( Wednesday, 08 September 2010 06:41 )