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{
    "id": 590373,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/590373/?format=api",
    "text_counter": 36,
    "type": "speech",
    "speaker_name": "Sen. Madzayo",
    "speaker_title": "",
    "speaker": {
        "id": 679,
        "legal_name": "Stewart Mwachiru Shadrack Madzayo",
        "slug": "stewart-mwachiru-shadrack-madzayo"
    },
    "content": "Mr. Speaker, Sir, thank you very much for your guidance. I am obliged. The question that was asked was whether the government was aware whether the youth, women, and persons with disabilities face challenges in executing government tenders that are won, due to lack of collateral required by financial institutions to secure the loans. The response is that the Government is aware of the financial challenges faced by these people in executing government tenders that they win. It is in this regard that the government has taken the following measures to ensure that this category groups continue bidding and supplying government tenders; 1. The Youth Development Enterprise Fund and the Women Enterprise Fund mandates were expanded to offer Local Purchase Orders (LPOs) and Local Service Order ( LSO) financing for youth and persons with disabilities who have won tenders from the government. The Youth Development Enterprise Fund offers 70 per cent of the LPOs and LSO financing up to Ksh.1,000,000 without collateral while Women Enterprise Fund offer up to 60 per cent of LPOs and LSO value of up to Kshs500,000 without collateral. The beneficiary is required to provide the original copies of LPO or LSO and the letter of undertaking from the procuring agency that serves as security. These facilities attract a one-off commission of 6.5 per cent. The above minimum financing thresholds for the youth, women and persons with disabilities entrepreneurs who need financing of above Ksh.1,000,000 from the Youth Fund or over Kshs500.000 from the Women Fund will be required to provide collateral in terms of land property, motor vehicles or guarantees before they are financed. 2. The youth, women, and persons with disabilities entrepreneurs who have access to government procurement opportunities, certificates are excluded from the requirement of bid bonds and are instead required to fill and sign the tender, securing declaration forms with the procuring entity. 3. Where delay of payment for work performed is anticipated, the procuring entity may facilitate invoice, discounting arrangements with the financial institutions for purposes of advancing credit to the affected enterprises. Second question was to provide a comprehensive report on youth, women, and persons with disabilities who have benefited from Uwezo Fund from all the sub counties."
}