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{
    "id": 1144274,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1144274/?format=api",
    "text_counter": 232,
    "type": "speech",
    "speaker_name": "Emurua Dikirr, KANU",
    "speaker_title": "Hon. Kipyegon Ng’eno",
    "speaker": {
        "id": 1453,
        "legal_name": "Johana Ngeno Kipyegon",
        "slug": "johana-ngeno-kipyegon"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for allowing me this opportunity to make myself heard on this particular issue. I think the introduction of Uwezo Fund, Biashara Kenya Fund, Women Enterprise Fund and Youth Enterprise Development Fund was specifically meant to look at how our youths could access funds without using very stringent means, but through means which would obviously enable them access this money without necessarily having to produce many things as banks normally ask for. Remember, if you want to borrow a loan from any bank in this country you must either have a title deed, a log book or a very huge and good bank statement that can allow you to be monitored. Banks have to understand if you are to borrow or be given money you will be able to repay. Of course, the interest charged on the money borrowed is so high. So, this informed the introduction of the Youth Enterprise Development Fund, Uwezo Fund and Women Enterprise Fund. Actually, the greatest idea of introducing the Biashara Kenya Fund was so that we could collapse all these others and was geared towards assisting the youths without bank accounts, title deeds or maybe log books to access this money and do business. Hon. temporary Deputy Speaker, it is unfortunate, that after exhaustion of about Kshs6 billion which was meant for a run-off some years back, there was no more allocations by the National Treasury to the Uwezo Fund Account, the youth and all that. Our youth had understood that there was Uwezo Fund. They have tried accessing the money but they cannot. This Fund was The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}