Entry Instance

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

{
    "id": 195265,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/195265/?format=api",
    "text_counter": 66,
    "type": "speech",
    "speaker_name": "Prof. Sambili",
    "speaker_title": "The Minister for Youth and Sports",
    "speaker": {
        "id": 28,
        "legal_name": "Hellen Jepkemoi Sambili",
        "slug": "hellen-sambili"
    },
    "content": " Mr. Deputy Speaker, Sir, I beg to reply. The Question is asking for the amount of money that has been disbursed to the youth nationally through the Youth Enterprise Development Fund during the Financial Year 2007/2008. I will answer that first part. (a) A total of Kshs494,942,691 was disbursed to the youth nationally in the Financial Year 2007/2008. The second part of the Question is inquiring about the criteria that was used in disbursing the funds, and in the third part, the hon. Member is asking about the number of groups that benefited from the funds in Masinga Constituency. I will continue to answer. (b) Regarding the disbursement of the youth fund, there are two modes of disbursing the funds under the Youth Enterprise Development Fund. One mode is through the Constituency Youth Enterprise Scheme (CYES). The constituency-based funds are administered through divisional and district based committees. These committees receive the loan applications and allocate the funds to qualifying groups of youth. The second mode is the on-lending. Financial intermediaries manage funds allocated to districts, which the youth access directly. There are 22 financial intermediaries that have been identified to disburse the funds. As for the criteria, the minimum conditions for accessing the funds include the following:- (i) one must fall in the age bracket of 18 years to 35 years of age and must be a Kenyan citizen; (ii) one must have the intention of investing the funds in a business venture; (iii) the funds are a loan and must be repaid; and (iv) the applicant must be a member of a firm and/or an organization which is legally registered and operating in Kenya. (c) The final part of the Question regards the number of youth groups who have benefitted from this Fund in Masinga Constituency. There are 20 youth groups that benefitted from the Youth Enterprise Development Fund during the Financial Year 2007/2008. Out of the 20 groups, 12 groups got a total of Kshs50,000 each, while seven groups were allocated a total of Kshs40,909 each and one group got Kshs40,910."
}