VIJANAA SASA

Targeting youth entrepreneurs and groups  – through Kusasa
We are aware of the myriad challenges facing the youth in setting up and developing their enterprises. Vijanaa Sasa operated at KUSASA aims at supporting the youth entrepreneurs to exploit their talents, reach their potential in social change, job creation and economic renewal.

Features

• Attractive interest rates on loan on reducing balance.
• Standing order instructions allowed
• Minimum savings period of 3 months
• Multiplier of x3 of savings
• Repayment period 3 years
• Statements sent on a quarterly basis
• Email updates

Requirements

• Minutes mandating group to open account
• Proposal from group/entrepreneur on their use of the funds.
• Certificate of registration  of the group, enterprise or national identification for individual members
• Names and copies of national ID’s of youths borrowing from the fund.
• Required to sign 3 copies of the offer letter
• Collaterals to secure loans