Wednesday, January 23, 2013

Youth Enterprise Development Fund Calling for Applications for Poultry Incubator Loans

Youth Enterprise Development Fund
 
Calling for Applications for Poultry Incubator Loans

The Youth Enterprise Development Fund is providing youth with egg hatching incubators on credit. 

Young Kenyans aged 18-34 may apply as individuals or in groups.
 
Specifications of the Incubator
  • Has a capacity to hatch 528 eggs
  • Is a fully computerized automatic hatching machine
  • Has a 95% hatching rate
  • Automated temperature and humidity control
  • Is capable of hatching all types of eggs
  • Occupies little space (0.98 x 0.74 x 1 .06M)
Benefits of the credit facility
  • No interest will be charged on loan
  • Friendlier repayment period and monthly instalments
  • Warranty: 3 years for spare parts and 2 years on labour
  • Marketing and linkages facilitation
  • Training on handling of incubator at no extra cost
  • Linkage to livestock extension officers/veterinarians
Eligibility: 

The applying group/individual must:
  • Have electricity and power back up in case of power outages
  • In case of a group, 70% of members must be youth and all group officials must be 18-34 years
  • Individual youth borrower must be 18-34 years.
  • Show evidence of ability to raise 5% of the cost of the hatchery, to be paid upfront
Group applicants must submit:
  • Duly filled loan application form
  • Group’s registration documents
  • Copies of IDs for ALL the members
  • Duly filled form by guarantors (details of acceptable guarantors is indicated in the application form)
  • Group minutes authorizing the application.
  • Evidence of operating a group bank account for 3 months
  • Extract of recent business records.
Individual applicants must submit:
  • Duly filled loan application form
  • Copy (ies) of IDs for ALL the owner (s)
  • Duly filled form by two guarantors(details of acceptable guarantors is indicated in the application form)
  • Recent bank statement/Mpesa statement and recent business records
  • Recent certified copies of bank statement for individual borrowers not engaged in any form of business and salaried individuals.
Those already engaging in poultry production as well as those who are keen on undertaking the business are encouraged to apply.
 
Details and application forms can be obtained from any youth office at District Headquarters near you or can be downloaded from www.youthfund.go.ke.
 
For more information please contact our regional offices indicated in our website
 
Youth Enterprise Development Fund
National Bank Building, Harambee Avenue
P.O. Box 48910-00100, GPO
 
Tel: 020 221 167 1/2, 020 221 167 5
 
Fax: 020 221 167 7/8
info@youthfund.go.ke
complaints@youthfund.go.ke





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