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{
    "id": 457917,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/457917/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Mbarire",
    "speaker_title": "",
    "speaker": {
        "id": 78,
        "legal_name": "Cecily Mutitu Mbarire",
        "slug": "cecily-mbarire"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker, for giving me this opportunity to contribute to this Motion. I want, from the outset, to say that I strongly support the creation of the Uwezo Fund. I also support the Regulations that have been brought before us, obviously with a few amendments. The purpose for which we create Uwezo Fund is to enable youth and women in the country to access credit - and cheap credit for that matter - with less bureaucracy. For the last five or more years that we have had WEDF and YEDF, it is not right for us to say that they have been a failure at all because there are some places where they have been a big success, especially where people have been able to pay back the loans. Where it did not work in totality was because of the bureaucracy that was placed on it and the fact that the intermediaries of providing the loans were the same banks that have always been a hindrance to women and youth accessing loans. As a result, it is most welcome that we are having a Fund that is less bureaucratic, has no interest rate and that will be easier for the women and the youth of this country to access. The most important thing that we must work with, as we put together the Uwezo Fund, is the whole issue of ensuring that we create enough capacity in these groups, so that they do not borrow money to pay fees and meet their daily needs. That they are borrowing to put it into income generating activities."
}