The Talanta Youth Fund

The Talanta Youth Fund is a Youth Enterprise Development Fund loan available to youth in creative and performing arts.

A mjor hurdle facing youth in the creative sector is access to funds. Traditional lending insitutions do not generally provide loans to creative entrepreneurs and this greatly limits their ability to purchase equipment, run operations or sclae up. Through the Youth Enterprise Development Fund, there is now an opportunity available to young creative entrepreneurs.

About the Loan

The loan is available to youth in the Creative/Performing Arts. The applicant may be an individual, registered group, partnership or companies owned and run by youth. The applicant may use the loan for working capital or to purchase talent related equipment.

Youth can access up to Kshs. 2 Million. It has no interest but a management fee of 5% of the loan amount will be deducted at disbursement. Loan amount up to Kshs. 300,000 will be secured using chattels and assets to be purchased. Loans above Kshs. 300,000 will be fully secured using conventional securities. Youth must have 2 guarantors one of whom must be in the industry.

The loans may be used for:

Contract financing

Equipment and accessories purchase

Budgeted recording, production or performance

Repayment period:

The repayment period is as follows

  • Contract financing: Maximum of 6 months
  • Equipment and accessories purchase: Maximum of 2 years
  • Budgeted recording, production or performance: Maximum of 3 months

Amount financed:

  • For film: Not more than 70% of the value of the contract
  • For equipment and accessories: Not more than 70% of the cost
  • Budgeted recording, production or performance: 90% of the budget

Qualifications:

  • Must be registered with the relevant authorized body (e.g for music, Music Copyright Society of Kenya).
  • Must have a valid contract where applicable
  • For music, must have evidence of recorded audio or video or evidence of work in progress.
  • Must have a budget accompanied by invoices or quotations where applicable.
  • Undertaking by contracting entity to pay the proceeds to Youth Enterprise Development Fund
  • Must have 2 guarantors who must provide bank statements, one of whom must be operating in the industry. In the absence of this, the applicant must provide a conventional security.

How to Apply

Youth fund loans are granted at the Constituency level so the constituency offices would be able to process applications through their youth wings.

  • You can either apply as an Individual or a group. All you need to do is to visit your respective constituency/sub county Youth offices.
  • Download the C-YES Special Form 1D and fill the loan application forms and attach all the required documents.
  • Turn in the documents to the constituency/sub county Youth office and wait for the loans officer response
  • The Loans officer will then guide you all other necessary steps.
  • They will also provide training, vetting, and other necessary information.
  • Use the loan for the purpose applied for.

The Talanta Youth FundTwaweza Comunications

Twaweza Communications Limited is a strategic communication institution established in 2000 and based in Nairobi. We work in the areas of public policy, media and culture for sustainable development. We are committed to increasing public knowledge and action through research, training, advocacy and documentation for accessibility, agricultural policy, sustainable environment, equity in gender relations, accountable leadership and people centered governance.

Twaweza Communications envisions a world where everyone has access to quality information and education on matters that affect their lives regardless of religion, race, age or gender. To achieve our vision we work with the media, community based organizations, civil society organizations, government institutions and other partners in developing materials for learning and training.

Our mission is to increase public knowledge and action through citizen inclusion in policy development, knowledge sharing for improved socialization, gender equality, accountable leadership and good governance. We enhance the well-being of citizens through media sensitization programs, training and sharing of experiences and thematic publications.

Related Articles

Subscribe to our newsletter

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.