How to apply for the shs 900,000 or shs 3.6 million MbeleNaBiz Competition
Good news for any youth out there who have been struggling with unemployment, the government launched a MbeleNaBiz Competition aimed at providing loans to some 750 entrepreneurs with compelling business ideas. The question therefore is, are you a youth with an existing masterpiece business plan or can come up with one that the government can fund? If so the government is looking for you. The competition,’MbeleNaBiz business plan competition’ targets young men and women so as to reduce the increasing level of unemployment. The government has partnered with World Bank who are the main sponsors and KPMG to facilitate the success of the project.
So here is what you need to do to be part of the competition. The applicants and majority of shareholders must be between the age of 18 and 35 at time of application. For a group, 70% of the members must be within that age bracket. You must be a Kenyan residing in Kenya or outside Kenya, but those outside Kenya must show that they have a running business in Kenya. Lastly an applicant must have completed form four.
Applications are to be done online or by use of paper. Online submission is to be done via the ‘MbeleNaBiz’ business plan competition website (http://mbelenabiz.go.ke/). Paper application is to be presented to the Youth Development Officer and the paper submission can also be done when attending MbeleNaBiz Competition workshops. The best application process that is recommended is online application.
I wish to encourage all youths to take advantage of this once in a lifetime opportunity. This is why, Sh15 billion has been set aside for this project. There will be 750 winners in total. Among these 750 winners 500 of them will bag 900000 shillings each, with the remaining 250 going home with a total sum of 3.6 million shillings each. The project, according to the World Bank director to Kenya, Eritrea, Uganda, Rwanda and Somali Jaramillo Carlos, is of great potential. It will create very many young entrepreneurs and provide massive employment opportunities to youths. Young women who are usually afraid of this projects please, this is not a boy child project but for you too. The CS for Trade Peter Munya said that there will be high level of transparency so you shouldn’t be worried about any fishy acts. KPMG which is the leading auditing firm in Kenya is will be tasked with implementation of the project.
Take the chance and apply for a grant of Ksh 900000 or 3600000. Applications are open from 24th June 2019 to 2nd September 2019.
