Uwezo fund will be remembered for its existence since 8th September 2013 officially launched by His Excellency the President of the Republic of Kenya: Uhuru Kenyatta.
Uwezo Fund key roles was and is a flagship programme for vision 2030 aimed at enabling women, youth and persons with disability access finances to promote businesses and enterprises at the constituency level for economic growth towards the realization of the vision 2030.
The commentators might say Uwezo fund has frozen the accounts of its beneficiaries to bring them down even after financing them with loans at zero per cent interest rate. Sometimes is misquote, sometimes a scam or a myth.
- All groups shall be allowed a six months grace period before commencement of repayment of the loan element but all loan shall be payable within two years from the expiry of the grace period.
- Loan recipients’ shall be deposited either by cash or cheque. Their monthly repayments for loan proceeds into the Uwezo Fund repayment Account and submit a copy of the slip to the committee who shall issue and acknowledges receipt of the recipient group.
- Upon verifiable proof of loan repayment of all loan proceeds the committee shall issue a discharge certificate of the recipient group with respect to the loan repayment.
Beneficiaries can attest that credible training is offered to borrowing groups considering a viable proposal in accordance with loan purposes. Uwezo fund oversight board ensures that loans are granted in a manner that the groups meet loan qualifications, and will have the ability to repay.
Thank you for reading