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Home Fund-objectives
Fund-objectives

Provide loans to existing micro-finance institutions (MFIs), registered non-governmental organizations (NGOs) involved in micro financing, and savings and credit co-operative organizations (SACCOs) for on-lending to youth enterprises. The fund was also established to facilitate investment in micro, small and medium enterprises oriented commercial infrastructure such as business or industrial parks, markets or business incubators that will be beneficial to youth enterprises.

The objectives of the Youth Enterprise Development Fund include:

  • Provide funding and business development services to youth owned or youth focused enterprises;
  • Provide incentives to commercial banks through appropriate risk mitigation instruments to enable them increase lending and financial services to youth enterprises;
  • 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;
  • 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;
  • Support youth oriented micro, small and medium enterprises to develop linkages with large enterprises;
  • Facilitate marketing of products and services of youth owned enterprises in both domestic and international markets;
  • Facilitate employment of youth in the international labour market; and
  • Carry out any other activities relevant to its principal mandate.
 
 
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