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{
    "id": 1202033,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1202033/?format=api",
    "text_counter": 287,
    "type": "speech",
    "speaker_name": "Sen. Mandago",
    "speaker_title": "",
    "speaker": {
        "id": 13577,
        "legal_name": "Kiplagat Jackson Mandago",
        "slug": "kiplagat-jackson-mandago"
    },
    "content": "On the “hustler fund”, this is a fund that will be a game changer in this country for our youth depending on how the legislation, legal framework, regulation and training that is going to be offered to all the borrowers to ensure that this is sustainable. As you are aware, many young people in this country have innovations and some of these innovations have been stolen from the young people. There are blue-chip companies in this country who have taken advantage of our young people and their innovations. For lack of capital, they have stolen the applications and innovations from these people. This fund is going to sort the problem of applications or innovations of our young people and citizens of this country being taken over by multinationals because of their financial muscle to develop them. This affords our young people and the country the opportunity to innovate using easily accessible and affordable credit. The administration has promised to make sure that the funds are available at the ward level. As the Senate we would ask the national administration to make sure that county governments are involved at that level so that every Kenyan in every part of this country can access the Hustler Fund. As a Senate, we would like to be part of this process in oversighting these funds to make sure it is sustainable. We have seen in the past funds like the youth enterprise fund, women enterprise fund makes an impact, but not the one desired when they were being established. We would like to see this Hustler Fund programme succeed so that we can reduce the level of unemployment in this country. The President in a quest to make sure Kenyans live in decent houses has proposed to invigorate the affordable housing programme that has been going on but has faced a number of challenges. I support the President in this initiative because once launched, the development of about 250,000 units will create a high opportunity for employment. I also want to note that housing as a function is a concurrent function between county governments and the national Government. As this programme is being initiated it should be noted that the sharing of assets between national and county Governments particularly on housing was not concluded and the national Government still holds to all the housing lands in the country that were supposed to be shared. If this programme is to succeed county governments must be involved so that this programme can be availed to all counties."
}