The Women Enterprise Fund has disbursed over Ksh. 11 Million to Fifty-Eight women groups in Migori County. The groups constitute of 634 beneficiaries, an average of 10 members per group who hail from Awendo, Kuria East, Kuria West, Nyatike, Rongo, Suna East, Suna West and Uriri Sub counties which form Migori County.
Data from the fund shows that the women invested 56 percent of the loan in Trade while 36 percent of it was invested in the Agriculture sector. The balance was invested in other areas such as Poultry farming and Maize Production.
Support to the women groups is part of WEF commitment to address hurdles faced by 70 percent of Kenyan Women and Youth who remain marginalised and unable to grow and sustain enterprises, especially in rural areas.
The Fund offers different kinds of loans to women entrepreneurs that are registered with them, with the loan cycle ranging from Ksh 100,000 to Ksh 750,000 which support women to sustain businesses across a range of industries including; trade, agriculture and manufacturing. Since inception, at least 2, 360 groups from Migori County have received Ksh 250.85 million from WEF, which has registered an 89 percent repayment rate.
WEF CEO Engineer Charles Mwirigi, had this to say, “Inability to access the right markets for their products and services has led many businesses with the potential to fail, hence our coming on board to offer Market support which is critical for the growth and general success of women-owned enterprises in Kenya.”