| Brief Description | |
| Product | AGRI – BIZ LOAN |
| Brief description | The loan is available to youth who wish to start or expand agricultural related businesses including purchase of equipment and working capital. The loan is available to individuals, registered groups, partnerships and companies owned and run by the youth. Read more; |
| Interest rate | - Nil (Has a management fee of 5% of the Loan) – deducted from the loan at disbursement.
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| Grace period | 3 Years |
| Ceiling amount | 2 Million Kenya Shillings. |
| Requirements | - Applicants must source for inputs or equipment from accredited vendors and provide invoices/quotations for the same
- Must have a valid supply contract where applicable and copies of the same provided
- Must have relevant licenses, and provide copies
- Must have a proposal for starting an agricultural undertaking endorsed by a mentor in the same agribusiness who will also guarantee the applicant
- Must provide relevant business records including sales agreement
- Must provide certified 6 months bank statements
- Undertaking by contracting/procuring entity to pay the proceeds to Youth Enterprise Development Fund
- Must provide proof of ownership of land where farming will be undertaken or lease agreements for leased land, or consent of use of land from owner.
- Must have 2 guarantors, one of whom must be operating in the industry. In the absence of this, the applicant must provide a conventional security.
- Start-up applicants must be organized in groups, or must have alternative income, or must provide conventional securities.
NB - Loan amount up to Kshs. 300,000 will be secured using chattels and assets to be purchased.
- Loans above Kshs. 300,000 will be fully secured using conventional securities.
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| Product | VUKA LOAN |
| Brief description | Available to youth who wish to start or expand businesses. Applicants may use the loan for working capital or to purchase income generating assets. Read more; 1. Vuka Start Up - Advanced to youth with alternative verifiable income and business plan |
| Collateral | Fully Secured by conventional Security |
| Ceiling amount | Kshs.500,000/- |
| Brief description | 2. Vuka Expansion Loan |
| Interest rate | 6 % (+ One off 1% Management Fee of loan amount) |
| Collateral | Loan of Kshs. 100,000 will be secured using chattels, stock and business assets. Loan above Kshs. 100,000 will be secured by conventional security |
| Grace period | 1 Month |
| Ceiling | 5 Million Kenya Shillings |
| Brief description | 3. Vuka Asset Financing |
| Collateral | Loans of Kshs. 100,000 will be secured using chattels, stock, business assets and/or guarantees. Loans above Kshs. 100,000 will require conventional security. |
| Ceiling | Up to 70% financing of the value of the assets/equipment |
| Product | CONSTITUENCY BASED LOAN |
| Brief description | Read more; The Youth Enterprise Development Fund provides the following loans to groups and individuals at the constituency level: 1. Rausha Rausha is a group loan for startup businesses or other income generating activities. Loan amount is Kshs. 100,000. Rausha loan has a three-month grace period. Repayment will be made in twelve (12) equal monthly instalments. |
| Interest rate | Paid on amount only on amount withdrawn |
| Ceiling | Up to 100% if plot is already owned, Up to 80% for buying & building |
| Brief description | 2. Inua Inua is a business expansion loan for groups. It is advanced to groups with running businesses. |
| Collateral | Loan amounts for up to Kshs. 500,000 will be secured using chattels while Conventional securities will be required for loans above Kshs. 500,000. |
| Grace period | Between 18 – 36 months depending on loan amount. |
| Ceiling | From Kshs.200,000/- - Kshs.1,000,00s0/-. |
| Requirements | Groups which have fully repaid Rausha or loans from other institutions can apply for Inua. |
| Brief description | 3. Special This is available only to groups running business projects that generate money on periodical or pre-determinable irregular periods. Available for: - Agricultural production-horticulture
- Livestock trading or fattening
- Fish farming
- Poultry (broiler) projects
- Supplies (specific)
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| Collateral | Loan amounts for up to Kshs. 500,000 will be secured using chattels while Conventional securities will be required for loans above Kshs. 500,000. |
| Grace period | Between 12 – 36 months depending on loan amount. |
| Ceiling | Kshs.500,000/- |
| Brief description | 4. Smart Available to individuals belonging to a group that has benefitted from YEDF and repaid its loan. It graduates group members to individual borrowers. The borrower could be a startup or for expansion |
| Requirements | Be a member of a group and be recommended by 75% members of the group Minutes of the group indicating authority to borrow and guarantee the loan must be attached as part of the application documentation to the YEDF head office. |
| Brief description | 5. Swift Swift is for groups that are new consumers of YEDFB products |
| Grace period | Start Ups – 3 Months / Existing Business – NO Grace Period. |
| Ceiling | Kshs.200,000/- |
| Requirements | Individual - Security:Group members shall sign a guarantee/undertaking to repay the loan should the individual member default
- Every loan shall be insured by taking an appropriate life insurance cover of the borrower.
- A sworn affidavit for the items provided as security for the loan. The borrower should provide his/her items as security, but in cases where s/he does not own any, a close relative e.g. parent should guarantee the loan with their items
- Loans above Sh100,000 will require registered Chattel Mortgage to be attached to the application
Group - Copy of certified valid group registration certificate and list of membership
- Copies of IDs for ALL the members
- A signed undertaking by the group to pay loans guaranteed to its members
- Group minutes nominating/authorising an applicant to a particular round of the loan
- Duly completed YEDF loan application form
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| Product | LPO FINANCING |
| Brief description | Available to youth who have been awarded tenders by government agencies (ministries, parastatals, county governments and constitutional commissions) under the AGPO programme, and from other reputable procuring entities not owned by the government (those listed at the NSE and credible NGOs) Available to individuals, registered groups, partnerships and companies owned and run by the youth. Read more; |
| Interest rate | 15% after 90 days +(A commission of 6.5% of amount borrowed) |
| Ceiling amount | Kshs.5 Million / Finance up to 70% LPO amount |
| Requirements | - Be registered with the relevant government body.
- A valid LPO from a qualifying agency
- Undertaking by the procuring entity to pay the tender proceeds in favour of Youth Enterprise Development Fund Board
- Customer account details
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| Product | TALANTA LOAN |
| Brief description | Available to youth in the Creative/Performing Arts. The applicant may be an individual, registered group, partnership or companies owned and run by youth. The applicant may use the loan for working capital or to purchase talent related equipment. Read more; |
| Interest rate | NIL / Management Fee - 5% of loan amount deducted at disbursement |
| Collateral | Loan amount up to Kshs. 300,000 will be secured using chattels and assets to be purchased. Loans above Kshs. 300,000 will be fully secured using conventional securities |
| Duration | Contract Financing - Maximum 6 months Equipment/Accessories purchasing - Maximum 2 Years Budgeted recording, production or performance - Maximum of 3 months |
| Ceiling amount | Kshs.5 Million / Finance up to 70% LPO amount - For film: Not more than 70% of the value of the contract
- For equipment and accessories: Not more than 70% of the cost
- Budgeted recording, production or performance: 90% of the budget
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| Requirements | - Must be registered with the relevant authorized body (e.g for music, Music Copyright Society of Kenya).
- Must have a valid contract where applicable
- For music, must have evidence of recorded audio or video or evidence of work in progress.
- Must have a budget accompanied by invoices or quotations where applicable.
- Undertaking by contracting entity to pay the proceeds to Youth Enterprise Development Fund
- Must have 2 guarantors who must provide bank statements, one of whom must be operating in the industry. In the absence of this, the applicant must provide a conventional security.
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| Contacts | Youth Enterprise Development Fund Nairobi-Kenya Phone: 020 241 4423, 020 2211672, +254 723 522841
Email; Facebook; Youth Fund Kenya Website; |
