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{
    "id": 401941,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/401941/?format=api",
    "text_counter": 59,
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    "content": "between all the constituencies, with 75 per cent shared equally among all constituencies, and 25 per cent being shared on the basis of poverty index for equalization purposes. Of the total amount received per constituency, 20 per cent will be earmarked for religious institutions as a grant to administer to women and youth groups within their jurisdiction. The balance per constituency thereafter will be administered as 75 per cent loan and 25 per cent grant for each beneficiary group. The money will be payable only to a group from a minimum of Kshs50,000 and not exceeding Kshs500,000 at a time. Interest rates on loan component of the fund will be set annually and charged between zero to a maximum of one per cent. The interest rate chargeable this financial year is zero per cent. The hon. Senator wanted us to explain why the Fund could not be managed at the county level in line with the principles of devolution. The fund is a national Government initiative geared at reaching youth and women groups at the local level. The women and youth are not devolved functions. Fourth, the Senator wanted us to state whether the youth who are the key stakeholders were involved in the arrangements to have the Fund launched soon. In the preparation, various stakeholders were consulted and they made invaluable contributions. Just to mention a few, the National Youth Council, the Kenya Women Parliamentarians (KEWOPA), the National Assembly Committee on CDF, 25 women under the umbrella of Maendeleo ya Wanawake, Women Political Alliance, FIDA, Caucus for Women in Leadership, Action Women International, Coalition on Violence Against Women, National Council of Women of Kenya and Young Women Leadership Institute. Others are the Inter-Religious Council of Kenya, which is a coalition of all faiths in Kenya; the National Coalition of Persons with Disabilities and various Government departments and agencies. The process of consultation will continue to be broadened and deepened as we move to the next phase of capacity building and implementation of the fund. The Statement is signed by Anne Waiguru, the Cabinet Secretary. Mr. Speaker, Sir, I delivered a copy more than three hours ago to Sen. Kanainza. I table this other copy to the House."
}