Uwezo Fund seeks Sh6b for new cycle

Uwezo Fund Oversight acting chief executive officer Wilfred Buyema flanked by board members addresses the press during a two day retreat in a Naivasha hotel. [PHOTO/Antony Gitonga/STANDARD]

The Uwezo Fund Oversight board is seeking Sh6 billion from the Treasury for the next financial year following an increase in the number of applicants seeking loans.

The fund, which last year received a similar amount, has already disbursed Sh5.3 billion to 41,000 out of the 48,000 applicants.