How to apply for the Sh 100 million Nakuru county enterprise and cooperative fund

The County Government of Nakuru launched the County Enterprise and Cooperative Funds, injecting Sh. 100 million into supporting small businesses and cooperatives.

The fund is divided into the Enterprise Fund, which targets small business groups and provides loans ranging from Sh. 50,000 to Sh. 200,000 at a competitive interest rate of 8 percent per annum.

The Cooperative Revolving Fund, aimed at established cooperatives, will issue loans ranging from Sh. 200,000 to Sh. 5 million at an interest rate of 6 percent per annum.

Speaking during the launch, Stephen Kuria, County Executive for Trade and Investments, told Mtaa Wangu that to be eligible, one must be part of a registered and active group that meets the following conditions:

1. Prepare the Required Documents

Have a valid updated registration certificate for the group.

The group must have been in business for at least one year.

A group bank statement (KCB preferred).

The group must have a KCB account.

Group by-laws to show governance structure.

The group must be functioning and consistent in its activities.

1. Visit KCB

Interested groups and cooperatives should visit a KCB branch or agent and request the fund application documents. They will be given the forms and guided on any additional details required.

1. Submit Your Application

Submit the completed application forms and documents physically to the KCB branch. Include the group’s bank statement to assist in the eligibility assessment.

1. Assessment and Approval

Applications will be reviewed to ensure the group is eligible and meets all requirements. Upon successful vetting, the loan will be disbursed through the group’s KCB account.