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There are several loan opportunities for the Youth in Kenya but for this time on this post am going to briefly describe the top 5 loans youth can access without any security or collateral and in large amounts.
You might be looking for Business loans for the youth,Home loans for the youth, Agri-Business loans for the youth ,Mortgage loans for the Youth or even car loans for the youth. Don't stress this is the post to read!
The Top 5 Youth loans Without Collateral in Kenya include:
- Hustler Fund Loans
- Youth Enterprise Development Fund Loans
- Uwezo Fund Loans
- Women Enterprise Fund Loans
- Vision Fund Kenya Loans
- Youth ,Women and People With Disability County Revolving Fund Loans
Hustler Fund Loans
Hustler Fund Loans are the recently introduced Government loans available on mobile phones. To apply Dial on your phone USSD code*254# follow prompts to register and apply.
Youth Enterprise Development Fund ( YEDF) Loans
Youth Enterprise Fund is a Financial Kenya Government Corporation mandated to provide financial and business support services to Youth owned enterprises.
Types of loans available at YEDF
- Vuka loans ( Business loans)
- Agri-Biz Loans
- Bid Bonds, LPO/LSO Financing
- Constituency Based loans
Uwezo Fund Loans
Uwezo Fund is flagship programme by the state for Vision 2030 aimed at enabling Youth ,Women and Persons with disability access funds to start and promote businesses at the constituency level thereby empowering economic growth and reducing poverty levels.
Types of loans at Uwezo Fund are :
- Wezesha Loans
- Endeleza Loans
Women Enterprise Fund Loans
Women Enterprise Fund is a Kenyan Government agency in the Ministry for Public Services, Youth and Gender ,established to provide accessible and affordable loans to Women to support them start sustainable businesses for wealth and employment creation. Female Youth can take advantage of this fund to create wealth and employment.
Types of Loans at Women Enterprise Fund :
- LPO Financing
- Bid Bonds Financing
- Thamini loans
- Jiimarishe loans ( Sacco funding)
Vision Fund Kenya Loans
Vision Fund Kenya is a Christian Microfinance organization founded by World Vision with an aim of offering effective financial support as well as economic empowerment through business support for communities.
Types of Loans at Vision Fund Kenya
- Business loans
- Education loans
- Clean & Renewable Energy loans
- Construction loans
- Digital loans
- Water and Sanitation loans
- Agri-Business loans - Dairy farming, Greenhouse loans, Farm input loans ,Fish farming loans ,poultry keeping loans and bee keeping loans.
Youth ,Women and People With Disability County Revolving Fund Loans
This is a youth loan opportunity available at the county level. Every county has its own revolving fund that helps to empower youth financially through business support
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