Support for Setting up Businesses
The business support element is implemented by the Micro and Small Enterprise Authority (MSEA) and involves two activities:
- Business Start-Up Grants
- Business Development Services
The start-up grants activity involves the provision of seed capital for youth start-ups to invest in tools, inputs and grow existing businesses. Start-up grants are disbursed in two tranches. MSEA will hold one-day orientation sessions with beneficiaries before disbursements of each tranche. These sessions will be used to develop simple business plans outlining the investments and expenditures to be financed by the grant.
Business Development Services encompass a basic package of business and entrepreneurship training program as well as mentoring, specific consulting, and advisory services for marketing and technical issues. The youth will also receive Digital BDS where they will receive content through their mobile phones.
Number of Youth beneficiaries that have received Business Development Services (BDS)
Total number of youth who have received business grants of Ksh. 40,000 each