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How hitches saw traders miss out on the affirmative action millions

Women Enterprise Fund advanced Sh1.71 billion in the review period, falling short of the Sh2.5 billion target by nearly a third. 

Photo credit: File | Nation Media Group

What you need to know:

  • Data released by the State Department for Micro, Small, and Medium Enterprises shows advances by Uwezo Fund and Youth Enterprise Development Fund fell by two-thirds in the review period.
  • The loans, which come with an interest of six per cent with amounts to a single borrower capped at Sh2.5 million, fell short of the Sh1.01 billion target by 69.73 per cent, according to the MSMEs department.
  • The YEF loans in the review period represented a dip of 64.37 per cent compared with Sh403.6 million advanced in the financial year ended June 202