How to Get or Qualify LPO Financing Loan from Youth Fund Kenya Requirements Qualifications

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How to Get LPO Financing Loan from Youth Fund Kenya Requirements
Youth Enterprise Development Fund

LPO FINANCING
Support young people participating in government tenders

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ABOUT THE LOAN
This loan is available to youth who have been awarded tenders by government agencies (ministries, parastatals, county governments and constitutional commissions) under the AGPO programme, and from other reputable procuring entities not owned by the government (those listed at the NSE and credible NGOs). Youth can access the loan as follows:

Local Purchase Orders (LPO) Financing:

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The loan is available to individuals, registered groups, partnerships and companies owned and run by the youth.
Youth can access up to Kshs. 5 million.
The Fund will finance 70% of the LPO amount.
The loan attracts an interest of 1.5% after 90 days.
A commission of 6.5% of the amount borrowed will be charged. The loan will be secured using Letter of undertaking, Bank guarantees, and conventional security.




Requirements:

Be registered with the relevant government body.
A valid LPO from a qualifying agency
Undertaking by the procuring entity to pay the tender proceeds in favour of Youth Enterprise Development Fund Board
Customer account details


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