Economy Old cheque printer delays disbursement of women’s fundsGroup members wait to receive Women’s Enterprise Fund cheques in Nakuru County. FILE PHOTO | NMGThe Women Enterprise Fund (WEF) has not reached its targeted beneficiaries due to an aging cheque printer and an upfront five per cent loan administration fee. Auditor-General Edward Ouko in his latest report said cheque issuance delays are as a result of WEF’s old printer that takes up to three weeks instead of one to print 1,000 cheques. The old printer has meant that cheques delay by between two to six months, making the women groups miss out on business investment opportunities. “The only cheque printer is a less efficient, of an older model and often overheats since it has to print more than 1,000 cheques per month,” he said.

Source: The North Africa Journal January 09, 2019 18:45 UTC