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These funds are however not given in form of loans as the numerous Facebook posts have claimed. According to the 13-page government document on the fund, they are monthly cash transfers between the amount of Ksh 2,000 to Ksh 5,400 to vulnerable households including the elderly, orphans, persons with severe disabilities etc.

The CAMS product can enable these financial groups to manage their operations more effectively and curb the issues they face in day-to-day operations. It can make it easier for them and their members to transfer monthly savings digitally and apply for loans when needed with a click of a button. It has been built with close collaboration with the local communities, so it solves the real-life challenges they face today.

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MOGO has Boda Boda branches countrywide which have all bike models under one roof and works with many authorized partner dealerships. Choose the model you like! MOGO offers loans for Bajaj Boxer, TVS, Honda, Captain, Haojin, Ranger, Haojue, and Electric Bikes like Ampersand, Spiro, Fika, Arc Ride and Spark.

Our Credit offering ranges from a wide range of products which include:- Development Loan, Emergency Loan, Crop Advance Loans, Salary Advances, Mortgage Loans, Asset Financing, Micro-Finance Loans This loans are offered on reducing balance with no hidden charges.

To the smaller groups, JoyWo gives interest-free loans, and collateral is mostly in the form of guarantors. The small groups in turn who re-lend the money, charge their members 10% interest for short-term loans and 12% for long-term loans. The interest forms part of the revolving fund and is paid back to members as dividends at the end of the year. In 2014, for instance, $1.5 million was paid out to the women as dividends.

I had a challenge accessing funds to grow my agribusiness and accessing quality feeds at prices I could afford. Inuka stepped in to offer fast, reliable, easily payable loans, which I utilized to grow a thriving farming and dairy business.

Economic empowerment services are also offered through a fund that provides grants to Community and Self Help Groups or Revolving Fund Schemes. The aim of these grants is to help persons with disabilities gain self-sufficiency in generating income and to enable them to gain the skills and experience to access the loans required to grow their business. The groups that would qualify for this fund must be of and for persons with disabilities. This can include the caregivers of Persons with Disabilities. Economic empowerment grants are also for established groups of persons with disabilities to start up business activities. 006ab0faaa