Covid-19 recovery and resilient programme yet to get traction with SMEs in the Coastal Region

  • | SDV Video
    When Covid 19 pandemic struck the country last year, business people experienced turbulent times as they struggled to meet their daily obligations. Miss Monalisa Ngángá who owns the Mama Joys Restaurant and Mani’s barbershop in Malindi town was among thousands of business people who felt the pain as the government rushed to close down businesses in a bid to control the spread of the covid 19 virus. The Kenya National Chamber of Commerce (KNCC) rushed to cushion small scale traders from the effects of the pandemic and managed to source for a free interest Covid 19 Recovery and Resilient Fund that has managed to restore hope in business people. She had already laid off two of her staff members due to dwindling profits and pointed at the restrictions the government had put in place for her poor business performance. Mr. Famau Mohamed who is the chairman of the Malindi business community said that business was already down even before covid 19 but the pandemic added more sufferings when the government closed down businesses. Their testimony comes at the time when small scale business people have been urged to take up the interest free Covid 19 Recovery and Resilient Funds introduced by the government last year. The Covid 19 Recovery and Resilient Fund project coordinator Ms. Louise Kabucho said that the uptake of the fund in Kilifi County was at its lowest and only 11 business people had applied. The Sh. 600 million one year programme that started in June last year under the Mastercard foundation and implemented by the Kenya National Chamber of Commerce (KNCC) seeks to cushion small businesses from the effects of Covid 19 pandemic that led to closure of economic activities. Kenya's No.1 channel for digital exclusive videos. AUTHORITATIVE. BOLD. ENTERTAINING.