Cabinet Secretary, Prof. Margaret Kobia on Tuesday, 19th January, 2021 toured Embu and Tharaka Nithi Counties where she disbursed KES. 38 Million to Women Enterprise Fund (WEF) beneficiaries.
While addressing the women groups, Prof. Kobia noted that empowering women economically who comprise of over 50% of the population, is a key component of sustainable development for Kenya.
She said that to respond to the fast-changing financial world and to meet the expectations of women entrepreneurs, WEF has a new lending model that is more flexible and gives more autonomy to individual women within the groups. Notable changes have been effected in individual loans (Jiimarishe Loans), Chama Loans (Tuinuke Loan) also known as Constituency Women Enterprise Scheme and Sacco Funding.
“In Embu County, for instance, Winas Saving and Credit Co-operative Society is under consideration as one of WEF’s partners and once the process is completed, they will receive KES.10 Million which will boost individual women entrepreneurs in this region and in return boost the County’s economy,” she said.
She commended the women for their fast uptake and swift repayment of the loans and urged them to continue taking up loans even as we get back to normal in the post-COVID-19 period.
The Cabinet Secretary revealed that women who are empowered economically do not experience much gender based violence as they are enlightened and productive with improved livelihoods.
Prof. Kobia urged the residents to heed H.E. President, Uhuru Kenyatta’s message of working together for a united, peaceful and prosperous nation.
By Jacqueline Kirimi