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{
    "id": 401939,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/401939/?format=api",
    "text_counter": 57,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The Uwezo Fund was a pledge by His Excellency the President to allocate Kshs6 billion that was meant for the presidential runoff to youth and women groups. Following from this, the National Treasury allocated this money and Parliament approved the sum of Kshs6 billion to go towards this Fund in the budget covering Financial Year 2013/2014. His Excellency the President, the national champion and overall patron of Uwezo Fund, officially launched the fund on 8th September, 2013. The objectives of the fund are as follows. 1. To expand access to finance through grants and credit. 2. To promote youth and women businesses and enterprises at the constituency level and thereby move towards achievement of Vision 2030. 3. To generate gainful self-employment for Kenyan youth and women. 4. To model an alternative framework in funding community driven development. Mr. Speaker, Sir, the Uwezo Fund will employ the principle of table banking and revolving funds to create a unique blend of financing for youth groups and will be disbursed at the constituency level, modeled along the CDF framework. This will enable women and youth to access funds at the local level, thereby reducing the transaction costs that they would have otherwise incurred. The implementation modalities for the Uwezo Fund will be supported by the following structures: The Uwezo Fund Oversight Board, which will provide overall management besides oversight of the fund. The board will be supported by a secretariat. The Ministry responsible for youth and women affairs will facilitate and oversee the operation of Uwezo Fund Oversight Board in the implementation of Uwezo Fund. The Ministry will specifically be responsible for capacity building to Uwezo Fund recipients and table banking, business and entrepreneurship, public procurement and other business development areas. The Constituency Oversight Uwezo Fund Management Committee (COUFMC) will be modeled along the CDF framework. The role of the Committee will be to facilitate the establishment of the COUFMC to manage the funds at the constituency level. Membership of the COUFMC shall include the sub- county commissioner or his representative, the sub-county development officer or his representative, the sub-county accountant responsible for national Government operations, the sub-county representing national Government responsible for youth and women and a representative from each ward in the constituency following consultation between the county women representative, the National Assembly and the constituency Member of Parliament. The ward representatives will comprise youth and women and the total tally of representatives from the wards must have equal number of men and women, of whom the women quota shall have a third of women and youth as minimum. The others are one person with disability per constituency while the CDF Fund Manager will be an ex-officio member of the Committee and secretary. Question two was asking us to State whether the Fund is a grant or a loan to the youth, knowing that the youth have fallen prey to many false promises. From the total fund allocation of Kshs6 billion, a one-off administration charge of 3 per cent will be deducted, while the Kshs500 million will be earmarked for capacity building of groups in order to ensure that the recipients have skills, knowledge and market linkages necessary to run the respective enterprises. The balance of the fund thereafter will be divided"
}