By GPU
Bungoma County has rolled out a Sh40 million trade loan initiative aimed at supporting local traders and the jua kali sector across its 45 wards.
The revolving fund is expected to benefit 4,500 traders, offering them access to affordable credit while linking them to mainstream banks, SACCOs, and microfinance institutions to help grow their businesses.
Bungoma Governor Kenneth Lusaka and his deputy Janepher Mbatiany
During the launch event at Webuye Municipal Hall, Governor Kenneth Lusaka hailed the program as a critical step toward the economic empowerment of small-scale traders.
“This initiative represents a cornerstone in our mission to uplift Micro, Small, and Medium Enterprises (MSMEs). Having pioneered trade loans in 2014/2015, I am confident these loans will enable traders to expand and enhance their operations,” said Governor Lusaka.
He urged beneficiaries to invest the funds wisely to foster business growth, stressing that responsible loan management would ensure long-term development.
“It is my hope that these loans will be invested in ways that generate both individual and community prosperity,” he added.
Governor Lusaka further highlighted that the program operates within a legal framework, urging traders to make timely repayments to maintain its sustainability.
“We have put in place regulations to recover defaulted loans, and I encourage all beneficiaries to honor their repayment schedules to keep the program sustainable and boost the County’s revenue,” he concluded.
