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Felix Omondi, a small scale trader in Kakamega town. [File, Standard]
Traders in Kakamega County have been encouraged to take advantage of the revolving fund to expand their businesses, create wealth and improve their livelihoods.
Chief Officer for Trade Faith Gitira made the call during a meeting with traders at Khayega Market, where she outlined various initiatives being implemented by the county government to support small and medium-sized enterprises (SMEs) and stimulate local economic growth.
Gitira said the county traders’ loan programme is designed to provide affordable financing to entrepreneurs who often face difficulties accessing credit from conventional financial institutions due to high interest rates and stringent lending conditions, noting that the subsidised loan facility attracts an interest rate of only 11 per cent making it one of the most affordable financing options available to small-scale traders and business owners across the county.
