Organised business groups in Kisii are set to benefit from a KShs.10million fund from the County Trade Credit Scheme.
The County Executive Committee Member (CEC) in charge of Trade and Industry Mrs. Edna Kangwana said the department of Trade and Industry has organised a training programme for board members of the Scheme to be conducted on Wednesday and Thursday this week.
The two day training will target board members the Scheme led by the chairman James Obare Nyarunda, the Assembly Trade Committee members, a representative of Maendeleo ya Wanawake Organization, Chairman Chamber of Commerce and a nominee from all the 45 wards.
The Scheme was passed as an act of the Kisii County Assembly to establish a Trade Credit Scheme with an objective to provide access to affordable credit for start-ups, micro, small and medium enterprises, and agribusiness and; producer groups to promote trade development and economic growth of the locals.
The fund also aims at creating employment opportunities and facilitates investment in micro, small and medium enterprises that benefit the youth, women and persons living with disabilities.
"Each MCA has nominated one representative to participate in the training. The participants will be taken through the Act and regulations governing the Scheme, entrepreneurship skills to guide them on identification and vetting of deserving beneficiaries," said the CEC.
Mrs. Kangwana noted that the fund would be increased to KShs. 50million in the next financial year stressing that the initial amount will be used to pilot the project.
"We intend to transform the scheme to a Biashara fund that can attract funding from donors. We assure the public that only the deserving groups will benefit from the fund after undergoing a vigorous vetting process," she added.