Youth SACCO launched in Kitale
15 May 2013, 12:29
Trans Nzoia Youth groups have established a Savings and Credit Co-operative (SACCO) that would be known as Trans Nzoia Youth SACCO Limited.
The initiative which is funded by USAID under the umbrella program 'Yes Youth Can' will see hundreds of youths in the County trained on the importance of saving after receiving grants to start businesses.
Speaking to he media Monday during the Trans Nzoia 'Yes Youth Can' general meeting at Kitale Technical training Institute in Kitale, the County project president Ben Makete pointed out that 400 youth have already benefited.
“Our aim is to create a saving culture among the youth so as to enable them access loans and other banking services as government and Non-governmental Organizations are releasing funds,” he said.
KES 2.7 million already disbursed
The 'Yes Youth Can' program has already disbursed more than KES 2.7 million to 56 youth groups in Trans Nzoia County who have established businesses and KES 4 million would be disbursed by May this year.
Makete however noted that majority of youth groups might collapse as some of the donors who were sponsoring youth initiatives in the County will be pulling out towards the end of this year.
“The funding of the projects would be terminated this year and many youth groups would definitely collapse due to lack of finances. That is why we want the government start sponsoring these groups,” he said.
He urged the government to improve infrastructure as many youth projects in the County are facing challenges since transportation of agricultural produces is hindered by poor road network.
“The County government should improve infrastructure to make it easy for facilitators to reach them and also for easy transportation of goods as majority of youth groups who were given grants have engaged in agricultural activities and taking products to the market has become a challenge,” he said.
Mercy corps North Rift and Central coordinator Grace Karanja, who also addressed more than 2 000 youth, pointed out that it was necessary to bring youth together by initiating programs that would improve their financial ability.
She said that before the general elections, youth were used to preach peace and coexistence which bore fruits.
“If we will not support our youth by providing them with skills and capital to start projects then it will become hard to realize vision 2030.They need to save and have access to loans,” added Karanja.
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