Table Banking VS. Youth Fund Youth Fund: The Youth Enterprise Development Fund (YEDF) was introduced in 2006 as part of the government’s response to high levels of unemployment amongst young. The government youth program where youth groups are funded (or individuaks in the group) for the purposes of business engegement. This was developed after the Kenya National Youth Policy 2007. (planipolis.iiep.unesco.org/upload/Youth/Kenya/Kenya_NATIONAL_YOUTH_POLICY_2007.pdf) Currently this program is very succesful with no* interest rates (but 8% facilitation fee) repayments goes upto 72 Months. Capital financing as well can be arranged. The funds are sub-granted to the financial intermebdiaries who the levy a small interest rates(?). This has made the youth who have joined this program successful entreprenuers. How many youth are frustratde (not really, happy about this?) Table Banking Table Banking: a microfinance facility to community groups so that they can implement their own income-generation projects. Table Banking as a concept for raising funds on the other hand is fit for the houshold businesses. Table banking is not a bad idea at all. Someone is eating from there atleast!, but what impact do you have to the community? How many womwn are happy (really? Frustrated at the "Table Banking" Idea in our place? i need not an answer... A scenario in which some one borrows money from another to "increse" share in the table banking is misleading and creates a chain of pauperness. and endless poverty. And for us those who have this knoledge lets share it, lets give factes and lets not chase all animals to one trap! As a youth, thinking big is the first step to employment freedom and by extension financial freedom. Choose wisely what you want for your future.
Posted on: Fri, 21 Jun 2013 19:02:03 +0000
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