Youth Enterprise Development Fund (YEDF) is a government corporation targeting to empower the youth within the country. The organization operates under the Ministry of Public Service, Gender, and Youth Affairs. The organization provides youth loans in Kenya to entrepreneurs at affordable interest rates to facilitate business growth.
How To Apply For Youth Fund In Kenya
To apply for youth fund in Kenya;
- One needs to visit their respective sub-county youth offices as a group or as an individual.
- Pick and fill out the youth fund application form, depending on the type of loan required. You can also download the loan application forms from the Youth fund website.
- Return the filled forms to the office and wait for a response from the loans officer
- The loan officer will guide the next steps and conduct the vetting and give necessary financial advice.
- After vetting and receiving the funds, you will be trained and guided on making your payments on time.
- Be sure to use this loan for the purpose you applied it for
What are the requirements for groups?
1. The group must have a valid registration certificate from the relevant government body.
2. Group membership must not be less than 5 Group Membership must be at least 70% youth (18-34 years), and leadership, 100% youth.
3. The group must have a bank account where Youth Fund will deposit the loan money.
4. The group must submit completed loan application forms.
5. Group members shall sign a guarantee/undertaking to repay the loan.
6. The group will repay the loan into the bank account of the Youth Enterprise Development Fund, which The Youth Fund officers will provide.
7. Group loans have no interest but a one-off management fee of 5%, deducted from the loan at disbursement.
For Individuals-
1.In the case of partnerships, 70% of the partners should be between 18-34 years.
2. The borrower will bear all costs such as insurance, security perfection, valuation, registration of charge/chattel, and legal fees.