State youth, women business loans dry up amid funding cuts

The Controller of Budget (CoB) Dr Margaret Nyakang'o.

Photo credit: File | Nation Media Group

Thousands of youth and women are now lacking funding for their businesses as budget cuts leave agencies created to provide cheap credit without funding and unable to extend loans.

The budget cuts have seen at least three funds fail to provide loans in the three months to end of September 2024 when the government did not provide any funding, shows a report by the Controller of Budget (CoB).

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