Youthful beneficiaries of the government-backed Nyota Fund project in Meru County have expressed optimism following the completion of phase one training for the program’s second cohort, citing improved access to funding and critical business skills.
Ferrady Mutai said he plans to invest the funds in purchasing a vibrator machine for construction work, which he will also hire out to generate additional income.
He noted that proceeds from the venture will be reinvested to acquire more machinery.
Mutai said the training equipped participants with key entrepreneurial skills, including financial management, opportunity cost analysis, and credit management, which he believes will help minimize business losses.
He also highlighted the persistent challenge faced by many young people in accessing credit due to lack of collateral such as title deeds, pay slips, and logbooks.
“Nyota Fund is helping bridge this gap by providing both financing and training,” said Mr. Mutai.
He, however, called on the government to consider expanding funding beyond the current two-phase structure and to link beneficiaries with other national initiatives, such as affordable housing projects, to enhance sustainability.
Evans Mutuma, another beneficiary, said he intends to use the funds to restock his already operational electronics shop, adding that the training helped him understand the importance of business location and identifying gaps within the community.
Annrita Nkirote said she plans to venture into poultry farming and is confident the training has prepared her to manage the business effectively.
Winjoy Kainyu said she has already identified a business opportunity in her area and will implement it once funds are disbursed.
Derrick Mbae noted that the program exposed him to new business survival strategies, including investment in shares, which he believes will strengthen his financial future.
Additionally, Ms. Joy Nkatha said the initiative will enable her to start a business and achieve financial independence, while urging fellow youth to utilize the opportunity responsibly.
Trainer Martin Mugambi emphasized that the grants issued under the program are strictly for entrepreneurial use and should not be diverted for personal needs.
He said participants were trained in business planning, financial management, customer relations, and record keeping, urging them to apply the skills acquired during the phase one training to ensure the success of their ventures.
By Dickson Mwiti
