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{
    "id": 287015,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/287015/?format=api",
    "text_counter": 271,
    "type": "speech",
    "speaker_name": "Dr. Otuoma",
    "speaker_title": "The Minister for Youth Affairs and Sports",
    "speaker": {
        "id": 132,
        "legal_name": "Paul Nyongesa Otuoma",
        "slug": "paul-otuoma"
    },
    "content": "Mr. Deputy Speaker, Sir, so far, the Treasury has allocated Kshs3.8 billion to this enterprise since it was founded in 2006, to date. The modes of disbursement for the funds have been through the constituency based development committees and through financial intermediaries. One of the key achievements of the Fund to date through the constituency based loans, Kshs735 million has been given out to over 18,000 youth enterprises and through financial intermediaries, Kshs4.6 billion has been given out to 129,000 youth enterprises. In total to date, over Kshs147, 000 youth groups or youth enterprises have benefited from the Fund with Kshs5.3 billion being disbursed out. As you can see, the Government has put in Kshs3.8 billion so far but the Fund has been able to disburse Kshs5.3 billion, of course, this coming from leveraging from financial institutions as it was envisaged."
}