The County Government of Nakuru has partnered with KCB Bank to launch the Wezesha Fund programme in Lare Ward. This initiative provides loans to local entrepreneurs and aims to increase economic activity in the area. The launch took place at Lare Ward grounds, where officials outlined the process for accessing the funds.

Chief Officer for Co-operatives Hon. Richard Kurgat explained that the programme targets organized groups and individuals involved in income-generating activities. These activities include agriculture and small-scale enterprises. Kurgat stated that the funds will help groups expand operations and individuals start new ventures. He added that the programme forms part of a larger Sh100 million fund introduced earlier in Nakuru County.

To qualify, groups must register with the county and meet compliance requirements. Beneficiaries need to submit updated registration certificates, group minutes, membership lists with at least ten members, KRA PINs, and identification documents. Kurgat noted that these documents ensure transparency during the disbursement process. KCB Bank handles the appraisal and release of loans, which carry interest rates of 6 percent for cooperatives and 8 percent for enterprises.

The Wezesha Fund consists of two components: the Nakuru County Enterprise Fund and the Nakuru County Cooperative Revolving Fund. The Enterprise Fund offers loans from Sh50,000 to Sh200,000 to registered groups. The Cooperative Revolving Fund provides loans from Sh200,000 to Sh5 million to cooperatives. Since its county-wide launch in May 2025, the fund has disbursed over Sh37 million to six cooperative societies and 95 groups. Officials report that applications continue to undergo review at KCB branches.

Kurgat highlighted the need for timely repayment to keep the fund revolving. Repayments allow other groups to access loans and enable initial beneficiaries to qualify for larger amounts in future rounds. The programme also includes training on entrepreneurship, business coaching, and financial literacy, delivered through partnerships with KCB and institutions like Strathmore University.

Attendees at the Lare Ward launch included Governor’s Coordinators Daniel Kimani and Joseph Ndumia, Ward Administrator Mr. Philemon, Mr. Njenha, MCA representative Mr. Ngugi, and KCB Bank officials. They discussed how the fund addresses credit access challenges for small businesses in rural wards like Lare. Lare Ward, located in Njoro Sub-County, relies on agriculture, including maize and dairy farming, as well as trade along nearby roads. The Wezesha Fund supports these sectors by providing capital for equipment, seeds, or market expansion.

This rollout in Lare Ward follows similar efforts in other parts of Nakuru County. Groups such as the Nakuru Salons, Barbers and Beauty Association have received loans to purchase tools and stock. Farmers and boda boda operators have formed SACCOs to apply collectively. The county has registered over 2,700 community health promoters into a dedicated SACCO, expanding the programme’s reach.

The initiative aligns with national goals to support micro, small, and medium enterprises (MSMEs). MSMEs contribute over 80 percent of employment in Kenya and drive GDP growth. By partnering with KCB, Nakuru County reduces administrative costs and ensures professional loan management. KCB operates multiple branches in Nakuru, including the main branch on Kenyatta Avenue, to facilitate applications.

Residents in Lare Ward and beyond can contact the Directorate of Cooperatives for registration assistance. The Wezesha Fund website provides forms and guidelines for applicants. Groups that form now can prepare for the next disbursement cycle.