Entry Instance

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{
    "id": 50123,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/50123/?format=api",
    "text_counter": 241,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "(1) All Kenyans involved in economic activities within the informal sector, including non-banked and under-banked businesses in rural and urban areas of Kenya are eligible. The Fund was established by the Government as an initiative to scheme up a very successful project run by the Ministry of Finance in partnership with commercial banks and with the support of the French Development Agency (FDA). As a result of lessons learnt from the project, it was clear that a commercial approach could be used to reach Micro and Small Enterprises (MSEs) and to formalise the informal sector. The objectives of the Fund were, therefore, to address youth unemployment and encourage the MSEs as key drivers of economic growth and development. Through the Fund, the Government seeks to empower an estimated 8.3 million Kenyans working in the informal sector, including two million in the J ua Kali industry, with the rest in the informal transport sector and small manufacturers. The Fund is expected to allow them to access credit, expand their businesses and increase savings which will help to reduce the nation’s twin problems of unemployment and poverty."
}