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{
    "id": 44938,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/44938/?format=api",
    "text_counter": 117,
    "type": "speech",
    "speaker_name": "Dr. Otuoma",
    "speaker_title": "",
    "speaker": {
        "id": 132,
        "legal_name": "Paul Nyongesa Otuoma",
        "slug": "paul-otuoma"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, in my answer I told you that we have got around three components of this youth enterprise fund. In Mosop, the first component, although it looks very little, of Kshs3 million, is supposed to be a revolving fund. So, the more you recover that money, the more you are able to give out to other beneficiaries. The recovery rate in Mosop has been very low; actually below 50. However, we have held sensitization meetings with the youth. Hopefully, I am yet to get the outcome of that sensitization on the need to pay back the loans. On the second component of financial institutions, we have also changed the way we engage with these financial institutions. We are no longer just giving them money to disburse out. Recently, we had put out an advert for new financial intermediaries, especially in areas that were under-represented in terms of being able to reach to the youth. That exercise is still going on, to bring more intermediaries on board. We believe once those ones come on board, Mosop should be able to benefit. I had also engaged the Member of Parliament earlier that those financial institutions that are in Mosop should take advantage of that advert that we had put out and make applications to be considered as financial intermediaries to help us reach out to more youth in Mosop."
}