Youth Enterprise Development Fund LPO/LSO Financing Loan (Kenya)
- Country:
- Kenya
- Amount:
- Amount not specified
- Deadline:
- Open all year
Funder: Youth Enterprise Development Fund (Government of Kenya)
In short
A Kenyan fund that finances up to 70% of the value of a local purchase or service order won by a youth-owned business.
About this opportunity
The Fund finances youth entrepreneurs and youth-owned firms that are executing public procurement contracts (LPOs and LSOs). The loan page states a minimum of KES 20,000, a maximum of KES 3 million, and financing of up to 70% of the LPO/LSO value. The Fund's products overview page lists LPO/LSO financing at KES 100,000 to 5 million, so the limits should be confirmed with the Fund. Interest rate and repayment period are not stated. Eligible procuring entities include government ministries, parastatals, agencies, county governments, constitutional commissions, listed companies, credible NGOs, international development organisations and other credible private institutions. Security: loans up to KES 100,000 can be secured by chattels, stock or business assets plus two guarantors; larger loans need conventional security. No deadline is stated and the page does not say whether intake is currently open, so treat it as a standing product and confirm before applying. The Fund can be reached on (020) 2211672, 0723 522 841 or info@youthfund.go.ke.
Requirements
Youth-owned business or youth entrepreneur in Kenya
Holds a valid LPO/LSO or public contract
Procuring entity agrees to pay proceeds to the YEDF Board
Also good to have
No additional criteria specified.
Always confirm on the official page before applying.
How to apply
- 1
Secure your order and paperwork
Obtain the original, valid LPO/LSO (or contract copy) and a Certificate of Undertaking endorsed by the procuring officer and accounting officer. The procuring entity must agree to pay proceeds to the YEDF Board.
Open step link - 2
Complete the application form
Download the loan application form from the Downloads section of the YEDF website and prepare your security (guarantors and chattels for loans up to KES 100,000; conventional security above that).
Open step link - 3
Submit and confirm terms
Contact the Fund at Renaissance Corporate Park, 4th Floor, Elgon Road, Upper Hill, Nairobi, on (020) 2211672 or 0723 522 841, or at info@youthfund.go.ke, to submit and confirm limits, interest and current intake.
Documents you will need
- Other
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