About Women Enterprise Fund
Women Enterprise Fund was established in August 2007.
Women Enterprise Fund provides accessible and affordable credit to support women start and/or expand business for wealth and employment creation.
Constituency Women Enterprise Scheme (Tuinuke Loan)
Description
This is a loan product offered by Women Enterprise Fund at the constituency level or otherwise.
Women Enterprise Fund was established in August 2007.
Women Enterprise Fund is a Semi-Autonomous Government Agency in the Ministry of Public Service, Youth & Gender Affairs.
Constituency Women Enterprise Scheme (Tuinuke Loan)
Description
This is a loan product offered by Women Enterprise Fund at the constituency level or otherwise.
It is given out through registered women groups interested in expanding or starting new businesses.
Interest Rate
Tuinuke loan is interest-free, with only 5% administrative fee
Collateral
Social guarantee
Grace Period
1 month
Duration of Repayment
12 - 24 months depending on the cycle
Repayment Term & Ceiling Amount
1st Cycle 100,000 12 Months
2nd Cycle 200,000 12 Months
3rd Cycle 350,000 12 Months
4th Cycle 500,000 15 Months
5th Cycle 750,000 24 Months
Requirements
Interest Rate
Tuinuke loan is interest-free, with only 5% administrative fee
Collateral
Social guarantee
Grace Period
1 month
Duration of Repayment
12 - 24 months depending on the cycle
Repayment Term & Ceiling Amount
1st Cycle 100,000 12 Months
2nd Cycle 200,000 12 Months
3rd Cycle 350,000 12 Months
4th Cycle 500,000 15 Months
5th Cycle 750,000 24 Months
Requirements
- Must be a registered self-help group of 10 members and above comprising 100% women or 70 % women and 30% men.
- All leadership positions and account signatories must be held by women.
- Must have an account in a Bank/SACCO FOSA/Post Bank/Deposit Taking Micro-finance (DTM)
- Must have been in existence for at least 3 months.
- Groups must be trained in business management skills by the Women Enterprise Fund officers as a prerequisite for the loan application.
