Youths from Nyamira can now be able to access loans and hens for poultry farming, a senior official from an egg supplying company has said.
Speaking on Thursday during annual general meeting at their Keroka offices, Tumaini Egg Solution chairman John Mageka said the youth group was ready to support poultry farming youth groups by lending them loans and giving hens to start a business.
He said those who will be willing to take the hens will be required to return two chicken in a period of six months with those taking loans of up to Sh200,000 expected to return the monthly with an interest rate of 1.5 per cent after every six months.
“Our youth groups want to see youths moving out of poverty. We have agreed on the initiative because we have so many youth’s groups wiling to venture into business but lacks enough capital for the business. Giving out a hen and expecting two in six months or a loan with an interest rate of 1.5 per cent in six months isn’t a bad idea,” he said.
Mr Mageka said the company, Tumaini Egg, would also be willing to be buying the eggs from willing youth groups hence giving them ready market.
“Having started the poultry business, the issue of market isn’t a big deal. Our group is willing to buy the eggs from the upcoming groups hence provide ready markets. It’s a worth business to start instead of sitting back to wait for white collar jobs,” he added.
However, only youth’s groups duly registered by authorities and that have been in existence for at least three months will be eligible for the offer.