Elderly and other vulnerable persons are set to benefit from a social protection fund that will be set up by the Tana River County government.
Small-scale traders will also benefit from the kitty as they will easily access funds that will help boost their livelihoods.
Governor, Major (rtd) Dr. Dhadho Gaddae Godhana said the county government and its strategic partners will in the 2018/2019 financial year inject Sh200 million into the kitty.
Mr. Godhana said his administration had set aside Sh100 million while one partner had agreed to put in another Sh100 million for the kitty known as the Inuka Fund.
Speaking at the Hola Stadium during a public function in Hola Town, the governor urged vulnerable groups and small-scale traders to access the loans and should not shy away from applying for loans if they want to uplift their economic status.
He said those who want to access the loans should prepare business proposals adding that only people with sound proposals would benefit.
“Apart from the big development plans we have, we have also set aside Sh100 million and another strategic partner has agreed to add Sh100 million to the kitty. We are still looking for more partners and the future looks bright.”
“The Inuka Act, which was passed by the first County Assembly aims at establishing a social protection and revolving fund for the elderly and other vulnerable persons. It would be amended to accommodate small-scale traders also,” said the governor.