NDC has been able to secure project reports at a reasonable cost. The next fundraising need is how to finance NDC so that it can offer its services at base rate costs and in some cases for free. The third fundraising need is how to fund the project start-ups. These include premises, machinery and raw materials, compliance and working capital needs in the interim period.
NDC sponsors will use their networks to secure some operational funding before a sustainable funding method is established. Some startups cost will be funded through “Changa” certificates. The major funding requirements for premises, machinery, raw materials and initial working capital will require written and more formal funding arrangements. Possible alternative sources for this funding are some government empowerment funds like the Women and Youth Development funds, development organizations and as a last resort bank market rate loans.NDC will sponsors an effort to establish a revolving Nyeri Business Development Fund.
Available modern development financing models include the design of capital instruments based on existing assets.Nyeri has the vast amounts of assets that can be converted into capital. We in Kenya will, with time, establish mechanisms to convert our assets into capital.”Changa” certificates are an elementary way of using what we have to fund startups. More elaborate ways are necessary for example to use the thousands of title deeds into usable capital. NDC will prompt various finance experts and organizations to look for ways to create capital out of our existing assets to raise capital for development until such instruments are created .