KKCF is a rolling competitive business challenge for disbursing funds to support established companies, social enterprises, and local entrepreneurs in implementing commercially viable and sustainable businesses that have the potential to raise incomes, provide goods and services, create jobs and/or improve living standards in both the camp and host community.
- Private sector companies and social enterprises compete for performance-based grants, which also require co-financing from the companies. Technical assistance may also be provided.
- For micro and small enterprises from the Kakuma area, grants and technical assistance are provided, with the goal to ‘graduate’ these businesses so they can access expansion resources from MFIs and other financial institutions.
Creating a more conducive policy environment:
- IFC works with local government partners in Turkana West sub-county to create an environment conducive to business. Measures include the establishment of a one-stop-shop in Kakuma, which offers businesses, entrepreneurs, and individuals a mix of easy-to-access policy information and county-level and national-level services, such as permits.
Facilitating the entry of larger companies:
- IFC will offer larger companies customized market and feasibility assessments on areas of interest; provide scoping and business development missions to identify potential barriers to investment; link them to IFC financing, and offer technical assistance.