Inua Biashara Fund committee in Uasin Gishu County has been urged to start their work immediately.

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While speaking during the induction of the fund's committee at the county headquarters, Deputy Governor Daniel Chemno said that residents in the county are in need of the money to boost their businesses.

The fund has Sh40 million up for disbursement to small businesses with rates of 5 percent per annum. The repayment period is two years.

Chemno noted that once the money is issued, the county expects commitment in repayment.

"The payment of the loan is required to be at least 2 years. The more we pay the more the funds increase thus reaching out to other people," stated Chumno.

On her part, Trade and Industrialization, CECM Dr Emily Kogos said the fund was specifically meant to promote small businesses grow and provide capital for people especially the youths for them to start businesses.

"We want to see small businesses grow, because it is through the SMEs that many people, especially the youths, have been employed," stated Kogos.

The fund's chair, Rebecca Chirchir stated that her team will ensure a conducive environment is created for all the stakeholders in a bid to boost their economic status.