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{
    "id": 685549,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/685549/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Amolo",
    "speaker_title": "",
    "speaker": {
        "id": 631,
        "legal_name": "Rachel Ameso Amolo",
        "slug": "rachel-ameso-amolo"
    },
    "content": "Thank you, Hon. Deputy Speaker. The findings of the PIC on the financial mismanagement at the YEDF are very annoying, especially when you look at the big number of youths in this country looking for funds to start micro and small businesses. We have a Board that is mismanaging the Fund by not giving the youth what they need so that they can employ themselves. The YEDF was started to fund the youth. They are expected to borrow money from the Fund to engage themselves in small businesses. The youth do not have the kind of collateral sought by commercial banks in order for them to borrow money. It is shameful that we have a Board that cannot manage the YEDF. I support one of the MPs who said that before people are appointed Chairs of the YEDF, they must be investigated. We have to know their record and ascertain whether they qualify to manage any money in this country. Mismanagement of public funds is as a result of somebody not having had any experience in managing money. I think they are even unable to manage small funds in their houses. It will be unfair to give such responsibility to a poor financial manager. The other thing is that the youth need to be informed on where the money is but the YEDF administrators are busy mismanaging the money, including paying people who have other interests and who are not youth. They pay other organisations that are not related to the YEDF. The youth should be given opportunity to know where their funds are. If you go to Kakamega County, you will find quite a number of youths who are looking for funds yet we have the YEDF, from which they should be borrowing money and repaying it a lower interest rate. Therefore, the people who were involved in this scam should be arrested. Their bank accounts should be frozen so that the money can be taken back to the YEDF to enable the youth in Kenya to continue doing their businesses, so that they can change their lifestyles. With those remarks, I support."
}