All parliamentary appearances
Entries 171 to 180 of 196.
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27 Jan 2009 in National Assembly:
(b) To ensure that money from the Fund is promptly availed to the many deserving applicants, my Ministry has put in place the following arrangements:-
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27 Jan 2009 in National Assembly:
(i) The Ministry has been partnering with 12 selected micro-finance institutions who lend to individual women enterprenuers and women enterprise groups at a subsidized interest rate of 8 per cent per annum on a reducing balance. One of the micro-finance institutions, the Kenya Women Finance Trust (KWFT), has recently withdrawn its partnership with the WEDF.
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27 Jan 2009 in National Assembly:
(ii) The Constituency Women Enterprise Scheme targets grassroots women undertaking small scale businesses. In this respect, Divisional Women Enterprise Fund Committees have been established throughout the country to advise group applicants and recommend them for funding. There exists a secretariat that processes all applications countrywide.
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27 Jan 2009 in National Assembly:
(iii) The Advisory Board of the Women Enterprise Development Fund approves successful applications for funding after which cheques are disbursed to groups through the District Gender and Social Development officers.
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27 Jan 2009 in National Assembly:
During the one year that the Fund has been operational, a number of challenges which hinder prompt disbursement have been identified. These included; lack of details of the applicant's bank account, inappropriate type of activities for which the loans are sought, submission of application forms by certain groups without recommendation by the Divisional Women Enterprise Fund Committees as required, failure to meet some of the requirements for accessing loans through micro-finance institutions examples are; lack of collateral as required by some of the institutions and having to save a certain amount of money before qualifying for the loans.
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27 Jan 2009 in National Assembly:
Mr. Speaker, Sir, in order to address the above challenges and ensure that money is promptly disbursed to deserving applicants, the Ministry is taking the following steps:-
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27 Jan 2009 in National Assembly:
(i) Strengthening the Fund's secretariat through recruitment of a full-time director and staff of various cadres. Such recruitment has already been undertaken.
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27 Jan 2009 in National Assembly:
(ii) Capacity building in Divisional Women Enterprise Fund Committees and women groups.
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27 Jan 2009 in National Assembly:
(iii) Involving more micro finance institutions that have a wider coverage, are more accessible and have less stringent conditions.
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27 Jan 2009 in National Assembly:
(iv) Reviewing the existing guidelines for accessing the Fund.
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