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Sh300mn loan facility for Kenyan filmmakers

by Kennedy Kangethe.

The Youth Enterprise Development Fund has launched a loan facility for filmmakers dubbed TAKE254 targeting young and upcoming players in the industry.

The Youth Enterprise Development Fund Chairman Gor Semelang’o said the fund has set aside Sh300 million for the first phase which will be available to Kenyans aged 18 to 34 years.

Semelang’o said the amount available per film will range from Sh500,000 to Sh25 million at eight percent interest rate.

“I wish to call upon all young people who wish venture into film making to apply for financing from the fund,” he said.

He said the applicants are expected to have a registered company or business name and register their scripts with the Kenya Copyright Board in order to protect the writers work.

Read the rest of this article from Capital Film.

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