How To Get Youth Fund In Kenya

The Youth Enterprise Development Fund (Youth Fund Kenya) is a state corporation under the Ministry of Public Service, Gender, and Youth Affairs.

How To Get Youth Fund In Kenya

Here is how to apply for the Youth Fund loan in Kenya:

  1. One needs to visit their respective sub-county youth offices as a group or individually.
  2. Pick and fill out the youth fund application form 2021, depending on the type of loan required. You can also download the loan application forms from the Youth fund website.
  3. Return the filled forms to the office and wait for a response from the loans officer
  4. The loan officer will guide the following steps, conduct the vetting, and give necessary financial advice.
  5. After vetting and receiving the funds, you will be trained and guided on making your payments on time.
  6. Be sure to use this loan for the purpose you applied it for

Youth fund loan requirements

The following are the youth fund loan requirements:

For Groups-:

  • The group must have a valid registration certificate from the relevant government body.
  • Group membership must not be less than 5
  • Group Membership must be at least 70% youth (18-34 years), and leadership, 100% youth.
  • The group must have a bank account where Youth Fund will deposit the loan money.
  • The group must submit completed loan application forms.
  • Group members shall sign a guarantee/undertaking to repay the loan
  • The group will repay the loan into the Youth Enterprise Development Fund bank account, which The Youth Fund officers will provide.
  • Group loans have no interest but a one-off management fee of 5%, deducted from the loan at disbursement.

For Individuals-:

  • In the case of partnerships, 70% of the partners should be between 18-34 years.
  • The borrower will bear all costs such as insurance, security perfection, valuation, registration of charge/chattel, and legal fees.

Who qualifies for Youth Fund loans in Kenya?

The youth need to be in small groups to access the loans, commonly referred to as “Chama.” The youth can come up with business proposals through the group and seek funding from the organization.

The loans are available at sub-county levels to ensure everyone has access to the financial support they need, irrespective of location.

However, individual youths can also access loans from the fund for business expansion and the purchase of income-generating assets.