About the Program
The program supports young people, especially young women, to access dignified and fulfilling job opportunities. This program supports small enterprises with high growth potential by providing capital and tailored technical assistance to help businesses achieve sustainability.
The program aims to bridge the financing gap for micro small and medium-sized enterprises in Kenya. The program integrates grassroots mobilization, digital-based concessional loans and both in-person and digital technical assistance. Technical assistance support is in two levels: pre-lending and post-lending training and support. Pre-lending is meant to assist the enterprises in becoming investment-ready, through entrepreneurship training that includes financial literacy, digital literacy, record keeping, budgeting, business planning, life skills, etc. Post lending support to the enterprise seeks to mitigate against operational risks or pursuing growth and expansion opportunities that enable the business to move into higher growth and thereby maximizing impact.
The program targets young women and men’s businesses, addressing challenges such as limited business skills, networks and access to financial resources.
This program commenced in November 2022 and will run until 2027.
Who qualifies?
The program targets young women and men aged between 18 and 25 years and are either in business or interested to start one.
Location:
The program operates in all the 47 counties in Kenya and targets all types of businesses.
Implementing Partner
The program is being implemented by a consortium of organizations, including Kenya National Chamber of Commerce (KNCCI), Grassroots Organizations Operating Together in Sisterhood (GROOTS) Kenya, Kenya Private Sector Alliance (KEPSA), 4G Capital, and Powered by People (PBP). Grassroot Business Fund is the lead implementing partner. The Grassroots Business Fund (GBF) is a nonprofit organization dedicated to empowering high impact small and medium enterprises SMEs and thereby contributing to poverty alleviation through creating job opportunities for economic mobility and generating income for thousands of people in underserved communities.
For more information, contact Grassroot Business Fund through: Email: [email protected]
Phone: +254 714123411
Website: www.gbfund.org/