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{
    "id": 1564681,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1564681/?format=api",
    "text_counter": 60,
    "type": "speech",
    "speaker_name": "Hon. Wycliffe Oparanya",
    "speaker_title": "The Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises Development",
    "speaker": null,
    "content": "To date, the fund has served over 25 million Kenyans across the country through the digital lending platform, using both features, mulika mwizi and smartphones, to date disbursing about Kshs70 billion with women accounting for 48 per cent of the total beneficiaries. The Hustler Fund credit model is inclusive, requiring no collateral or credit history, thereby enabling women with limited financial background to access the funding. The Uwezo Fund, another flagship programme, was established under the Public Finance Management Act, 2012. It provides interest-free loans, business training, mentorship and market linkages to women, youth and PwDs at the constituency level. The fund has so far disbursed over Kshs5.3 billion to 53,596 women groups across all 290 constituencies. In addition, the Uwezo Fund has rolled out the Wekesha Kazi Majuu product. We are working closely with the Ministry of Labour and Social Protection to support labour mobility. We are giving loans of up to Kshs 200,000 to successful applicants of the labour mobility programme. This supports their air tickets, visa and other attendant costs at a zero interest rate, with a one-off management fee of eight per cent. The Kenya Industrial Estates (KIE) has disbursed over Kshs464 million affordable credit to 1,303 women entrepreneurs between the financial years 2019/2020 and 2024/2025 period. In addition, the KIE supports entrepreneurial capacity building and industrial incubation, where 73 women-owned enterprises are currently on incubation in its facilities. The KIE is also training hundreds of thousands of women in leadership financial literacy through partnerships with the Stanbic Foundation Kenya and the University of Nairobi Women Economic Empowerment Hub. The Micro and Small Enterprises Authority (MSEA) has undertaken a wide range of interventions. This includes construction and equipping of the Constituency Industrial Development Centres (CIDCs). They currently accommodate 2,994 women entrepreneurs. It has facilitated over 4,540 women-led businesses to access markets through trade fairs and exhibitions and disributed modern equipment to over 805 women entrepreneurs. In addition, tens of thousands of young women have been supported through the Kenya Youth Employment Opportunities Project (KYEOP)."
}