This study sought to determine the effect of the Youth Enterprise Development Fund (YEDF) on youth enterprises. The study location was in Siaya County, Kenya and stratified random sampling was used to select 28 financiers of YEDF and 202,897 youths in the County. The sample size constituted 128 respondents; 28 in the first stratum and 100 in the second stratum. The data was collected using survey questionnaires and analyzed through multiple linear regression analysis. The study concluded that the YEDF has not had a significant effect on youth enterprises. The study recommends an increase in the number of financial intermediaries (FIs)in partnership with the fund and an active involvement of all the stakeholders in mobilization of the youth on group formation and YEDF activities.