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Unpaid State revolving fund loans hit Sh18.4bn
The Auditor-General has continuously flagged Uwezo fund over mismanagement, warning the imminent collapse of the fund due to the failure to implement prudential financial management policies.
The government is owed Sh18.4 billion in unpaid loans disbursed to Kenyans through its three revolving funds, Hustler Fund, Uwezo Fund and Women Enterprise Development Fund.
Details about the loans disbursed through the Youth Enterprise Development Fund, another revolving fund, however, remains sketchy after its chief executive Josiah Moriasi declined to respond to our inquiries.
