Monday, 11 November 2013

Uwezo Funds, Youth Enterprise Development Funds And 30% Government Procurement Preference for Youth: A Possibility for Self-Employment.

Photo of Mr and Mrs Owen

Uwezo funds widen the access to finance for any start-up. It gives out grants, but also to encourage saving, it also gives out credit.

Ambitious Jua kali artist, bricklayer or mama mboga can employ themselves fully in their profession. Thanks for Uwezo funds, youth funds and 30% government procurement preference for youth and women.
But there are areas that an ambitious person, before smiling for government help, ought not to disregard: cultivating a deep understanding of oneself -youth and women. Knowing strength and weakness, public relation and what values make great contribution is a requirement test before funding any start-up.
Taking a move from scratch, that is, secure for funds to add value to product of choice, a person should learn to manage himself. This is knowing how and when to change work –from brick moulding to e-marketing of bricks. At least, before applying for funds, a youth should understand where he belongs. How? Feedback analysis: after making a key decision, a youth should write down what he expects.
That said, in the world of finance, Uwezo funds widen the access to finance for any start-up. It gives out grants, but also to encourage saving, it also gives out credit. What makes Uwezo funds surpass youth enterprise development fund, which is about twelve times more, is not only its colourful launches and great speeches before and after march 4th , but also its political element –it’s is marketed well.
Uwezo, in spite of a long chain of command involved, has attracted youths to frequent CDF offices. Their interest is Uwezo fund. Youths do not inquire about youth enterprise fund or 30% government procurement preference for youth and women. They are willing to go through whatever procedure involved getting it. Why? Does Uwezo fund have low interest rates? Does it have long repayment periods? Or is it reward for Jubilee supporters? No.
Although Uwezo fund, meant to cover six years, is an alternative framework in funding, other sources, which may have more funds allocated in one year, be told to youths and women. Say, while awaiting Uwezo rules to be enacted, youths be asked to propose for the 76 billion Youth enterprise fund which is already on.
Uwezo fund, which is less than 6 billion after deducting something for every pen involved in the disbursement chain, less than 18 million after deducting something to reward political supporters in the constituency, and near zero repayment rate because it is issued in the same office as CDF, should be used only for capacity building to enable youths take advantage of government contracts worth more than 200billion every year.
Which is the proper way to make Uwezo fund glory for jubilee? Youth SACCOs. More than twenty five counties have set youth SACCOs. There are good systems, faster implementation, involved here than in a political office. Even the ambitious, star governor, who is it? Machakos governor can be send home by Uwezo fund. Is Uwezo funds a possibility or reality?

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