The goverment on announcing the creation of a youths Development Fund (minister pictured above)and what followed was something never witnessed in the country before. Young people everywhere became creative, at least by their own measures. Applications for group certification at the Districts |Commisioner's office pilled up. Groups of 10 to 30 people with noble ideas of making money and sustaining their luivelyhoods to make their economy grow.
Little did they know that there are rules athat govern power and posperity-especially in an George Owell situation. Rules and laws that confirm the statement ,the rich get richer and...
so to my expectation and their suprise,the youth fund was quietly released. The leaves started growing from central Kenya. I read about youths accessing their fundsthrough their MPs instead of local microfinance institutions and starting projects like T-shirt printing, mushroom farming etc. Very noble indeed. Another leaf then grew from Family Finance bank, an institution originaly from central Kenya. The bank is Offering loans to youths with funds that are supposed to be grants. Questins to be thought over are:
1. Family Bank is not a Micro finance whatever,
2. With intitutional nepotism who can guarantee equitable awards of loans?
3. Apart from processing fees where does the interest earned go to?
A point of digression, rememder the plight of farmes in north rift, when they were forced to bank with the bank in question only to part with minimum a/c deposits and cheque processing fees that earned the bank about 150 million in revenue.i believe this assisted the bank in getting a lincence to opperate as a bank(then it was abuilding society).
so next time you read about fund being released by the goverment or dornors feel sorry for yourself especially if you have noway to get into the cannels of its circulation. Next time i'll be telling you more of what i think i know.