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{
    "id": 186929,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/186929/?format=api",
    "text_counter": 148,
    "type": "speech",
    "speaker_name": "Ms. Mathenge",
    "speaker_title": "The Minister for Gender, Children and Social Development",
    "speaker": {
        "id": 77,
        "legal_name": "Esther Murugi Mathenge",
        "slug": "esther-murugi"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) In the 2007/2008 Financial Year, the Government of Kenya set aside Kshs1 billion for the Women Enterprise Development Fund, which is a revolving fund. It should be noted that the Ministry received the first half Exchequer release of Kshs500 million from Treasury only in December, 2007. Out of this amount, Kshs317 million was disbursed through micro-finance institutions, and Kshs41,329,100 through the Constituency Women Enterprise Scheme. In the 2008/2009 Financial Year, the Government has allocated Kshs315 million to the Fund. A balance of Kshs806,670,900 is now available for disbursement. The Ministry is not aware of any UNIFEM contribution to the Fund. (b) An amount of Kshs317 million was channelled through micro-finance institutions. Each institution was supposed to lend the funds to women at an interest rate of 8 per cent per annum on a reducing balance. (c) An amount of Kshs2,199,000 was disbursed to women in Uasin-Gishu District. (d) In order to ensure that women get maximum benefits from the Women Enterprise Development Fund, the Ministry is considering various options which include, channelling most of the funds through the Constituency Women Enterprise Scheme rather than through financial institutions; involving more micro-finance institutions that have a wider coverage and less stringent conditions; and, reviewing the existing guidelines to accessing the Women Enterprise Development Fund. Thank you."
}