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{
    "id": 1564721,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1564721/?format=api",
    "text_counter": 100,
    "type": "speech",
    "speaker_name": "Sen. Oketch Gicheru",
    "speaker_title": "",
    "speaker": null,
    "content": "of the Hustler Fund? It seems to me that we do not know where this Hustler Fund is being invested and we do not know who is borrowing this money. Is there an intention by the Ministry to publish a proper impact assessment of areas where this money has gone, which people have borrowed and to what extent have they transformed their businesses? Where I come from, one of the people that I hope would have borrowed from this Fund is the boda boda industry. We are informed that there are about 1.5 million people in the boda boda industry today. However, the boda boda industry is still going to very expensive solutions in terms of people who are in the marketplace giving them loans at almost 60 per cent. If you look at what the boda bodas are getting even in terms of just the deposit that they are given to these funds like Mogo Loans, Progressive Loan; they have to give sometimes up to Kshs60,000. Within three years they try to pay these funds, but the boda boda has depreciated. So, who are these people that are borrowing from the Hustler Fund? Who are these Hustlers? Can the Cabinet Secretary table before us, at the right time, an impact assessment that is nearly done as an expert that he is from ODM, to show the country what has happened in that Hustler fund?"
}