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{
    "id": 1565989,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1565989/?format=api",
    "text_counter": 39,
    "type": "speech",
    "speaker_name": "Hon. Hanna Cheptumo",
    "speaker_title": "The Cabinet Secretary for Gender, Culture, the Arts and Heritage",
    "speaker": null,
    "content": " Thank you, Mr. Speaker, Sir. I will go straight to answering the questions. On Part (a) of the Question, the fund changed its lending business model to digital from January, 2023 following a presidential directive. The digital loan system went live on 1st January, 2023, allowing women groups to opt into own *254# without a requirement of prefunding criteria except to having a Safaricom line. The initial phase was pilot, which ran till 16th September, 2023. Then it was halted due to an unprecedented loan default rate. Through this model, the fund had disbursed Kshs941,901,105 to 18,955 women groups. I invite the House to look at Annexure 1, which has the data. The data on the Annexure puts together all the digital loans given as per the counties, the groups, the amount and the loan balance. The loan balance as at September, 2024 is Kshs695,672,783. It is detailed as per the county, and The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}