PHOTO | PSCUYouths in Nairobi have received the lion’s share of loans disbursed through the Youth Enterprise Development Fund (YEDF) since its inception 10 years ago. Kiambu County is a distant second, having received loans worth Sh894 million, followed by Nakuru (Sh746 million), Meru (Sh690 million), Nyandarua (Sh491 million), Uasin Gishu (Sh452 million), Murang’a (Sh427 million and Mombasa (Sh410 million). Nairobi also ranks highly among beneficiaries of poultry incubator loans, a fund that provides computerized poultry incubators on credit. “Despite the high uptake of loans, YEDF still experiences defaults, mainly as a result of lending to a clientele that is perceived to be risky. Ronald Osumba, the Youth Fund chairman, admits that the fund can do better as much as it has registered notable progress.

Source: Daily Nation October 05, 2016 03:45 UTC