The government announced a long-term plan to provide low-cost loans to every eligible small business owner by 2050. The Minister for Community Development, Gender, Women, and Special Groups, Dr. Dorothy Gwajima, stated that the initiative targets citizens aged eighteen and above with annual revenues under four million shillings. She urged people to register digitally through local offices, noting that over a hundred thousand entrepreneurs are already enrolled but many citizens fail to pursue such economic opportunities.
The program, coordinated with NMB Bank, has disbursed nearly ten billion shillings to almost five thousand beneficiaries, including food vendors, motorcycle drivers, and shop owners, at a seven percent interest rate. A separate Women's Development Fund has provided additional loans. Gwajima emphasized the need for business groups to access local council funding and gain entrepreneurial training. She also addressed social issues, directing citizens to report gender based violence through hundreds of dedicated police desks to uphold national values.
The program, coordinated with NMB Bank, has disbursed nearly ten billion shillings to almost five thousand beneficiaries, including food vendors, motorcycle drivers, and shop owners, at a seven percent interest rate. A separate Women's Development Fund has provided additional loans. Gwajima emphasized the need for business groups to access local council funding and gain entrepreneurial training. She also addressed social issues, directing citizens to report gender based violence through hundreds of dedicated police desks to uphold national values.
