Vijana Na Biashara
We created this loan in order to facilitate the integration of young people in Kenya into professional life. The intention is to put in place loans and non-financial services, training, financial education, advice on business management, and follow-up and support that are adapted to the needs of young entrepreneurs wishing to start up a micro-enterprise or to expand it.
Despite the promise and potential they represent, young people find it particularly difficult to obtain funding since they are considered to be high-risk clients. Indeed, this is why their lack of experience and of a guarantee is often used by financial organizations as justification for their decision not to target young people as clients.
These products are made available to young people who are able to fulfill the following specific criteria:
Requirements
- Aged between 18 and 35,
- Have learnt a trade or have undertaken a vocational training course,
- Require funding in order to start their project,
- Have started their professional activity and require equipment or additional working capital.
- Customer/ Guarantors passport photo and copy of ID
- Customer and Guarantors to provide security and prove of ownership of the security.
- Aphidavite of proof of ownership of the security
The young people in receipt of the funding are engaged, for the most part, in trades such as hairdressing, dress making, software development, joinery, bricklaying, jewelry making, plumbing or electrical services.