Meru youth urged to re­pay YEF loans fast

The Star (Kenya) - - Counties Northeastern/Eastern -

Youth En­ter­prise Fund chair­man Ron­ald Osumba yes­ter­day crit­i­cised the poor re­pay­ment of loans given to youth in Meru county.

He said only 50 per cent of the funds bor­rowed since the YEF’s in­cep­tion have been re­paid. Osumba spoke in Meru town. He said the fund has is­sued loans worth Sh11.7 bil­lion.

Youth in Mandera, Lamu and Turkana have had prob­lems ac­cess­ing the loans be­cause the Fund of­fices are far from them, Osumba said.

“We want to up­lift the youth and women eco­nom­i­cally. Meru is the fourth in ap­ply­ing for the money but they are re­pay­ing poorly,” he said.

Osumba urged the Meru youth to re­pay the loans for oth­ers to ac­cess the money.

Pub­lic Ser­vice, Gen­der and Youth CS Si­cilly Kar­iuki was also in Meru at the week­end. She urged par­ents to teach their chil­dren the im­por­tane of tak­ing and re­pay­ing loans. The CS said it will pro­mote com­mu­nity pros­per­ity.

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