Kakamega County Allocates Sh100 Million To Boost Small Scale Traders

KAKAMEGA, Kenya, Jan 7 (KNA)- Kakamega Governor Wycliffe Oparanya has asked traders in the County to take loans from the Kakamega County Microfinance Corporation to boost their businesses.

He said the County has allocated shillings 100 million to the Corporation to be given out as loans to traders across the County.

“Traders can get a minimum loan of Sh5, 000 and a maximum of Sh100, 000 at an interest rate of five percent,” said Oparanya during a consultative meeting with traders from Sabatia market in Butere Sub County.

He urged the traders not to shy away from taking loans saying it is one way of getting capital to sustain and boost small-scale businesses.

The Governor used the meeting to highlight some of the projects done by his administration to improve the business environment in the County. He said his Government constructed modern markets across the County to offer a conducive environment for traders.

“We will ensure the markets have enough water supply and connected to electricity to be secure and promote 24 hour business,” he said.

He said those were some of the measures his administration has put in place to ensure that small scale traders have their business thrive as he encouraged them to venture into business saying it is the only route to success.

The Governor was accompanied by CECM for Trade, Tourism and Industrialisation, Alfred Matianyi, Chief of Staff, Isaac Omungo, and his deputy Herbert Sore, MCAs among other officials.