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{
    "id": 41834,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/41834/?format=api",
    "text_counter": 214,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, last year, we did propose a revolving fund for onward lending through selective banks to support micro and small businesses. The Fund has yet to be operationalised due to challenges posed by misrepresentation by some unscrupulous persons, who did, indeed, take advantage of my announcement to solicit funds and registration fees from members of the public under the guise of facilitating them to get credit from the selected banks participating in the programme. As a result, we have reviewed the implementation process of the Fund to ensure that we meet the original intended objectives of the project and to protect potential borrowers under this Fund. In the meantime, we have set aside a further Kshs1 billion to boost the SME Fund, and I expect the uptake to increase once logistical problems are sorted out."
}