More than seven billion shillings has been disbursed to several women groups through the Women Enterprise Fund (WEF).
The Fund’s Chief Executive Officer Eng Charles Mwirigi yesterday said Sh7.1 billion have been disbursed to women to start income generating activities, since its inception in 2007.
According to Mwirigi, the numbers of women self-help groups seeking to benefit from the fund have increased significantly. He said 1.2 million individual women have benefited from the fund.
Mwirigi, accompanied by a board member Elizabeth Mayieka, said they also launch LPO financing to help individual women access money to fund their businesses.
He said the LPO is aimed at assisting women to benefit from the constitutional requirement of thirty percent tenders for women and youth.
He noted that women who apply for government tenders will be supported through LPO get financing.
“This is a new product and we hope it will give women the opportunity to start businesses. We are giving loans to individual women through various intermediaries. Women with small start-ups should apply for it and empower themselves,” Mwirigi said.
He said they have launched LPO financing to help individual women access money to fund their businesses. He was speaking in Kisumu town when handing over laptops to 48 officers from Nyanza and parts of Rift valley.
The CEO said they have embarked on improving their database by distributing laptops worth Sh10.3 million to 290 constituencies to ease flow of information on loan uptake and payment.