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"id": 12767,
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"type": "speech",
"speaker_name": "Mr. Kinyanjui",
"speaker_title": "The Assistant Minister for Roads",
"speaker": {
"id": 48,
"legal_name": "Lee Maiyani Kinyanjui",
"slug": "lee-kinyanjui"
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"content": "(a) The Minister for Finance, during the 2010/2011 Budget Statement, established a revolving fund of Kshs3.8 billion to meet the objectives of addressing youth unemployment and encouraging micro and small enterprises as key drivers of economic growth and development. To implement the Fund, the Office of the Deputy Prime Minister and Ministry of Finance entered into credit facility agreements with banks selected through a competitive tender process and launched a Fund on 14th March, 2011. The first tranche of Kshs300 million was disbursed to each of the three participating banks on 24th June, 2011. Out of this amount, Kshs250 million was to be lent and Kshs50 million was to be used for capacity building for both banks and the borrowing entities. The banks are required to match the contribution by the Government at a minimum ratio of 1:5, for the credit and the ratio of 1:0.5 for capacity building."
}