The KCB Foundation has handed out Sh5.4 million to 34 out of 272 beneficiaries in western region who completed their business plans under the 2Jiajiri programme.
The beneficiaries from Siaya, Busia and Kisumu counties, qualified to receive zero-rated loans to support their fishing businesses.
“We are focused on supporting entrepreneurs and holding their hands through the journey as a way of driving entrepreneurship and economic empowerment in the country,” said KCB Foundation executive director Jane Mwangi in a statement.
The funds will be used to purchase fishing nets, motor boats, engine, and fish feed among others.
Technical training courses was provided by partner technical and vocational training institutions in Siaya, Kisumu and Busia Counties.
The 2Jiajiri programme was launched in March last year with an intention to empower 10,000 youth every year in the informal sector to establish their own businesses.
The programme encourages and supports the growth and development of micro-enterprises to the level that they will each employ at least five young people.
This translates to over 250,000 jobs created directly by the youth for the youth through this initiative in five years.