Kenyans can now apply for Kenya MSME Covid-19 Resilience and Recovery Program 2020/2021 for Entrepreneurs.
This MSME Covid-19 Resilience and Recovery Program is meant for small businesses around Kenya.
About Kenya MSME Covid-19 Resilience and Recovery Program
The Covid19 Resilience and Recovery program is an initiative by KEPSA in partnership with Mastercard Foundation aimed at supporting Kenya businesses that have been affected by COVID19.
Our main role as KEPSA is to engage with the Government in ensuring that there is a favourable environment for doing business through our Public Private Dialogue platforms.
This program seeks to provide financing to businesses that normally find it difficult to access financing from formal lending institutions such as banks and micro-financers.
Through the Covid19 Resilience and Recovery program, we are issuing interest-free and non-collateral microloans ranging from Ksh. 100k to Ksh 1.5M.
Eligibility:
- Through the Covid19 Resilience and Recovery program, we are targeting women and youth-owned or led businesses that have up to 50 employees and would be Micro, Small or Medium Enterprises.
- Through the Covid19 Resilience and Recovery program, we are supporting women (18-70 years) and/or youth (18-35 years) owned/led businesses which have been in operation at least for the last 6 months.
We are seeking to support viable businesses that have the potential to survive and return to normal business activities with the assistance of a loan and technical assistance.
Selection Criteria:
- To qualify for the MSME interest-free loans, the business must be a KEPSA member directly or indirectly through a business association that is a KEPSA member.
- The business must demonstrate the ability to repay the loan within 6 months in determining its eligibility to qualify.
Value of Award:
The value for Kenya MSME Covid-19 Resilience and Recovery Program is between Ksh. 100k and Ksh 1.5M.
How to Apply for Kenya MSME Covid-19 Resilience and Recovery Program
The application for the Interest-FREE MSMSE loan is done online through this application link https://smekepsa.or.ke