Qwetu Sacco pledges KES 240 million for loans to young people

During the 2nd Youth Entrepreneurship summit held in Taita Taveta university on 5th February, The CEO of Qwetu Sacco, Charles Kaba, upon the governor’s call on stage reassured the youthful delegate that the Financial institution had allocated 240 million for loan facility meant for young people.

It is a great reprieve thought tied with some level of skepticism given the nature of the local borrowing culture among the youth. Most shun applications either as a result of inadequate financial literacy, intangible business plans, and general financial management skills.

The CEO encouraged more groups to follow in the footsteps of some of the colleagues who had been beneficiaries of the first allocation of 20 million Kenyan Shillings for the month of January. The Microfinance has considered disbursing KES, 20 million per month for the entire year. Mr. Athanus Mbele, CEO of Taitan Farm renowned for the Whitegold yoghurt was one among the imitable enterprising local youth who had benefited from the first cycle.

In the same forum, officers form the leading regional Sacco, invited the youth to take advantage of the opportunity and not to hesitate seeking financial sensitization.

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