How To Apply For Vuka Loan From Youth Enterprise Fund

Vuka loan is available to youth who wish to start or expand businesses. Applicants may use the loan for working capital or to purchase income generating asset.

Types of Vuka loan

1.Vuka Start Up

This is a fully secured loan by conventional security. It is advanced to youth with alternative verifiable income and business plan. The loan amount accessible is up to Kshs. 500,000.

2.Vuka Expansion Loan

This is a loan from Kshs. 100,000 to Kshs. 5,000,000 which attracts an interest of 6% and a one-off management fee of 1% netted off from the loan at disbursement. It also has a grace period of one month.

In addition, loans of Kshs. 100,000 will be secured using chattels, stock and business assets while loans above Kshs. 100,000 will be secured by conventional security.

3.Vuka Asset Financing

This loan finances 70% of the value of the assets/equipment being purchased also additional security will be provided in addition to the asset financed.

For loans of Kshs. 100,000 will be secured using chattels, stock, business assets and/or guarantees while loans above Kshs. 100,000 will require conventional security.

In the case of motor vehicles, the Fund will finance up to 90% of the value of motor vehicles (including PSVs, tuk tuks & motorcycles) being purchased and must be new. Used motor vehicles shall not exceed 8 years of age. The financed motor vehicle will be fitted with a tracking device and comprehensively insured.

The loan’s repayment period is 2 years for Kshs. 100,000, 3 years for Kshs. 300,000, 4 years for Kshs. 500,000, 5 years for Kshs. 1,000,000 and 6 years for above Ksh 1,000,000


In case of partnerships, 70% of the partners should be between 18-34 years while the borrower will bear all costs such as insurance, security perfection, valuation, registration of charge/chattel and legal fees.


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