Friday, 6 October 2023

THE RACONTEUR: HOW CBOs CAN LEVERAGE GOVERNMENT DEVOLVED FUNDS IN THEIR RESOURCE MOBILIZATION EFFORTS ~ MY ENTREPRENEURSHIP JOURNEY: SERIES 1 ~ EPISODE 10

Community Based Organizations (CBOs) in Kenya are grassroots, non-profit entities formed by community members to address various social, economic, and developmental challenges at the local level. These organizations play a pivotal role in mobilizing resources, fostering community cohesion, and implementing projects that cater to the specific needs of their communities.

However, CBOs often encounter several challenges in their resource mobilization efforts such as: limited access to funding sources; inadequate financial management and reporting skills; skepticism from potential donors about their capacity to implement projects efficiently; bureaucratic red tape and complex application processes for grants and funds; and fluctuating economic conditions and external shocks, such as the COVID-19 pandemic.

At Techinva Kenya Limited, we support CBOs in their development and sustainability by offering tailored capacity-building programs on governance, project management, fundraising, and community engagement to enhance their operational efficiency. We facilitate training sessions and workshops for CBO members that bolster their development efforts and long-term sustainability.

Our training in financial inclusion and resource mobilization includes apprising the CBO members on various Kenyan government devolved funds, such as:

√ Biashara Fund: https://www.biasharafund.go.ke/.

√ Financial Sector Deepening Kenya (FSD Kenya): https://www.fsdkenya.org/

√ Hustler Fund: https://www.hustlerfund.go.ke.

√ Kenya Climate Innovation Center (KCIC): https://www.kenyacic.org/

√ Kenya Institute of Business Training (KIBT): https://kibt.co.ke/.

√ MicroEnsure: https://microensure.com/.

√ PesaBazaar: https://www.pesabazaar.com/

√ Uwezo Fund: https://www.uwezo.go.ke/.

√ Women Enterprise Fund (WEF): https://www.wef.co.ke/.

√ Youth Enterprise Development Fund (YEDF): https://www.youthfund.go.ke/.

The impact of successful resource mobilization efforts goes beyond just financial gains. It can lead to positive changes in communities, economies, and the overall well-being of individuals and societies.


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