{"id":14667,"date":"2024-05-06T13:30:43","date_gmt":"2024-05-06T13:30:43","guid":{"rendered":"https:\/\/www.getufm.co.ke\/?p=14667"},"modified":"2024-05-06T13:30:46","modified_gmt":"2024-05-06T13:30:46","slug":"nairobi-governor-johnson-sakaja-outlines-2-prerequisites-for-boda-riders-to-qualify-for-county-loans","status":"publish","type":"post","link":"https:\/\/www.getufm.co.ke\/?p=14667","title":{"rendered":"Nairobi Governor Johnson Sakaja Outlines 2 Prerequisites For Boda Riders To Qualify For County Loans."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/boda-boda-data-1024x576.jpg\" alt=\"\" class=\"wp-image-14668\" srcset=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/boda-boda-data-1024x576.jpg 1024w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/boda-boda-data-980x551.jpg 980w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/boda-boda-data-480x270.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Under the leadership of Johnson Sakaja, the Nairobi County government has unveiled criteria for boda riders and poultry farmers to access loans through a new proposal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Outlined in the Biashara Stimulus Program, individuals in Nairobi engaged in these sectors must either be registered with the county or affiliated with a Common Interest Group to qualify. This requirement ensures that each applicant has a group-backed guarantor, a stipulation aimed at facilitating loan eligibility. The proposal, crafted by Governor Sakaja&#8217;s administration, addresses concerns voiced by city residents during a public participation session.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"746\" src=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/GMqJsDtWcAAsD0e-1024x746.jpg\" alt=\"\" class=\"wp-image-14669\" style=\"width:823px;height:auto\" srcset=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/GMqJsDtWcAAsD0e-1024x746.jpg 1024w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/GMqJsDtWcAAsD0e-980x714.jpg 980w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/05\/GMqJsDtWcAAsD0e-480x350.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, the proposal extends to hawkers, who must either possess a business permit or be affiliated with a group to be eligible for the program. Informal business operators, including those operating under temporary structures, are required to obtain a Unified Business Permit (UBP) and join a group, association, or chama.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, digital businesses meeting the outlined qualifications will also be considered for loans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Upon implementation, program beneficiaries will undergo mandatory, free training facilitated by the county. Moreover, the county plans to subsidize loan interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A key requirement stipulates that all members of a Common Interest Group must maintain a positive Credit Reference Bureau (CRB) status. Loan applications will be submitted individually, with the remaining group members acting as guarantors. Both the applicant and guarantors must have a positive CRB status to qualify for a loan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The county encourages eligible business owners to form groups and seize the opportunities presented by the forthcoming program. Loan limits will increase with each borrowing cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the leadership of Johnson Sakaja, the Nairobi County government has unveiled criteria for boda riders and poultry farmers to access loans through a new proposal. Outlined in the Biashara Stimulus Program, individuals in Nairobi engaged in these sectors must either be registered with the county or affiliated with a Common Interest Group to qualify. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":14668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-14667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Kelvin Gituma\"\/>\n\t<meta name=\"google-site-verification\" content=\"iErbWWZbgqhFeFMPcqeU1bfB7LC_C_70GPQUr_BVDuA\" \/>\n\t<meta name=\"keywords\" content=\"business,news\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.getufm.co.ke\/?p=14667\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta property=\"og:locale\" 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