This is a loan product at the constituency level or otherwise known as Constituency Women Enterprise Scheme (CWES). The Tuinuke loan product is given out through registered women groups interested in expanding or starting new businesses.
Tuinuke Loan has the following features:
Must be a registered self-help group of 10 members and above comprising 100% women or 70 % women and 30% men, All leadership positions and account signatories must be held by women. Registration is done either at the nearest Social Services office or Huduma Centre. Groups will be eligible for WEF loans three months after registration.
Must have an account in a Bank/SACCO FOSA/Post Bank/Deposit Taking Micro-finance (DTM) and must have been in existence for at least 3 months.
Groups must be trained in business management skills by the WEF officers as a prerequisite for the loan application
CWES loan is interest-free, with only 5% administrative fee with a grace period of 1 month. The loan amounts given, graduation principle and the repayment period is as follows:
|CYCLE||AMOUNT (Ksh.)||REPAYMENT PERIOD|
|First Cycle||100,000||12 Months|
|Second Cycle||200,000||12 Months|
|Third Cycle||350,000||12 Months|
|Fourth Cycle||500,000||15 Months|
|Fifth Cycle||750,000||24 Months|
Loan applications forms are available for free from the Fund’s Regional Offices based at all provincial headquarters, the Fund’s Head Quarters at NSSF building Eastern Wing, block A on 11th, 12th, and 14th floors and can also be downloaded from website, www.wef.co.ke