Waititu launches a sh. 200m Kiambu Jijenge Fund for business start-ups.
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| Governor Ferdinand Waititu presenting a dummy cheque of KES. 200m to County Executive Committee Member Youth Affairs, Sports, Communications and ICT Karungo wa Thang’wa on Tuesday morning. |
Speaking during the launch, the Governor promised to increase the fund
which has an initial kitty of KShs 200 million with KShs 100 million every financial year.
“Jijenge Fund is a revolving fund with no interest and it shall provide
financing for LPOs, groups and individuals, I am going to increase it every
financial year to ensure that the highest number of Kiambu residents benefit,”
he said.
The Jijenge
Fund is only eligible to Kiambu County residents.
County
Executive Committee Member Youth Affairs, Sports, Communications and ICT Karungo
wa Thang’wa has said that the disbursement of the fund shall kick off
immediately.
“We are
asking all of you to apply,” he said, “Application forms have been made
available at the Members of County Assembly’s offices and ward admin offices in
each ward.”
“We are encouraging the residents to come and engage us on how
best they would like us to improve the fund for their benefit,” the Governor
added, “if you want us to pay deposits for any income generating assets that
you wish to acquire, we shall do exactly that.”
Waititu has also directed that the fund be distributed equitably
across all the wards. Additionally, the fund will also be utilised to train the
youth on business and enterprise management. “We want Kiambu to be a
business-oriented county,” he added, “so let us be innovative and venture into
new businesses, the fund will support you.”
Those with previous loans have been advised by the Governor to
visit the department of Youth Affairs, Sports, Communications and ICT to
discuss on a favorable repayment plan.
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