2,500 youths in Bungoma bank on Soya Beans farming

Business Daily Kenya:  Close to 2,500 youths in Bungoma received funds from the KCB Foundation to set up farming businesses effectively giv...

Business Daily Kenya: 

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Close to 2,500 youths in Bungoma received funds from the KCB Foundation to set up farming businesses effectively giving them a lifeline to start generating income.

The foundation issued cheques worth Sh10.1Million to the 2,438 beneficiaries under the lender’s 2jiajiri job creation flagship project through a program that seeks to empower 10,000 youth every year to start small businesses that will employ at least 5 people each.

This translates to 50,000 jobs for young people directly created through this programme by the end of the 5 years.  The funding entails an interest free loan issued after the youths successfully completed training on Soya Beans farming.

The youths will not need any collateral and no prior experience in the business is needed. However, everyone must undergo the training.  “We are catalyzing economic empowerment by skilling and funding the youths while linking them with market opportunities,” said KCB Foundation Executive Director Jane Mwangi.

KCB Foundation has already signed an agreement with edible oils maker Bidco to buy Soya beans from the young farmers hence assuring them on the market of their produce.

The post 2,500 youths in Bungoma bank on Soya Beans farming appeared first on Mediamax Network Limited.

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