Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 193623,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193623/?format=api",
    "text_counter": 42,
    "type": "speech",
    "speaker_name": "Mr. Muriithi",
    "speaker_title": "The Assistant Minister for Industrialization",
    "speaker": {
        "id": 91,
        "legal_name": "Ndiritu Muriithi",
        "slug": "ndiritu-muriithi"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) As the hon. Member is aware, all the players in the motorcycle assembling sector are private entities and, therefore, as the Government, we cannot be able to direct them to invest in a particular region. However, the Government is facilitating investment in the industrial sector through creating a conducive and enabling environment. This includes the City of Kisumu. (b) The Ministry, through the Kenya Industrial Estates (KIE), is issuing low interest loans to the youth under the Youth Enterprise Development Fund in order to facilitate them to start new businesses. With regard to the motorcycle boda bodas, the KIE has disbursed a total of Kshs2,274,000 to 13 beneficiaries in western Kenya; five are motorcycle boda boda operators in Kisumu City, namely, Pauline Akinyi - Kshs165,000; Caroline Awino Oduor - Kshs165,000; Lameck Mayoga Odhiambo - Kshs130,000; Maureen Auma Otieno - Kshs100,000 and George Morara Nyandiko - Kshs150,000. 1082 PARLIAMENTARY DEBATES June 10, 2008 Mr. Speaker, Sir, these loans, as the House is well aware, are given at an interest rate of 8 per cent and for a maximum of Kshs500,000 per individual enterprise. Those who apply for the loans to start a new business normally get a grace period of three months while those already in business are able to start paying the loans immediately. The young people are expected to develop their business plans and proposals basing them on comparative advantage that they expect their businesses to enjoy in their respective locations. In Kisumu, there are, indeed, business opportunities for motorcycle transport operators. The Kenya Industrial Estates (KIE) office in Kisumu is aware of these opportunities and is offering loans to young people who wish to venture into this business. Since the introduction of the Youth Enterprise Development Fund, the Kisumu Branch of the KIE has received 243 applications for loans, 20 of which are for starting motorcycle taxi ventures."
}