High default, late payment rates hit Uwezo Fund loans

Public Service, Youth and Gender Affairs CS Sicily Kariuki at a past event in Nakuru. [PHOTO: MERCY KAHENDA/STANDARD]

KWALE: Youth Affairs and Gender Cabinet Secretary Sicily Kariuki has disclosed that half of the money borrowed from the Uwezo Fund is not repaid on schedule. She said delayed repayments and defaults were most prevalent in Msambweni constituency at 43 per cent.

Speaking during a tour of various youth and women groups projects Thursday, the Ms Kariuki urged youths to ensure that they repaid their loans on time to enable other groups to benefit from the kitty. She also distributed Uwezo and Women Enterprise Fund cheques.