Uhuru Kenyatta

All parliamentary appearances

Entries 991 to 1000 of 1613.

• 4 May 2011 in National Assembly: 2. The financial institutions that will disburse the money, how they were identified and the percentage interest they will charge. view
• 4 May 2011 in National Assembly: 3. The institutions that would utilize the Kshs800 million for capacity building and how this will be distributed within the institutions. view
• 4 May 2011 in National Assembly: 4. Whether the Ministry has approved membership registration charges which are currently being levied by some District Steering Committees in compiling their database for applicants. view
• 4 May 2011 in National Assembly: Arising from the above request, I wish to state the following:- view
• 4 May 2011 in National Assembly: (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 ... view
• 4 May 2011 in National Assembly: The Fund addresses the financial sector’s policy goals under the Vision 2030 that includes increasing financial access. It will also widen and deepen financial inclusion of the under-banked and unbanked in Kenya and increase the use of innovative delivery channels like M-Banking. The Fund will support the transition of the informal sector enterprises into formal sector through access to formal providers of financial services. view
• 4 May 2011 in National Assembly: (2) The Fund is being implemented through banks, namely; the Co-operative Bank of Kenya, Equity Bank and K-Rep Bank. These banks were selected through a competitive tender process in accordance with the provisions of the Public Procurement and Disposal Act. The selection criteria amongst other areas of assessment include the following:- (a) Matching contribution ratio to loan from the Government. The minimum matching ratio of Kshs5 for every Kshs1 is provided by the Government to be lent to the target clients. The minimum matching contribution of 50 cents for every Kshs1 is provided for by the Government as capacity building ... view
• 4 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, Mr. James Maina Kamau has asked a question about rates and I think I mentioned it in my Statement that rates currently charged to the target group range between 20 per cent and 30 per cent. One of the objectives of this fund was to try and ensure that we reduce that rate. However, like I said, this has been left to banks with ourselves monitoring. One of the criteria used in terms of using M-banking platforms and other cost-reducing efforts as well as being able to use this facility--- One of the principle objectives ... view
• 4 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, with regard to the question by Mr. Gaichuhie about 14 weeks training while waiting for disbursements, I need to say here quite clearly that our contracts with the banks are still not yet completely finalized. We have gone through the tender process, but the contracts are yet to be finalized and monies are yet to be released. Some institutions have already begun their own training under their own scheme and we encourage that because, therefore, it means that by the time they receive the funds, they will have people to lend to. view
• 4 May 2011 in National Assembly: Mr. Kabogo has asked about cartels and this is not the first time we are hearing about this. We have heard it through Members of Parliament, the media and reports that have come to our office. We have consistently been, through radio and other media, informing the public that this is an illegal activity and there is no request for anybody to be contributing any money. What I would encourage – and this is more or less in line with the question by hon. Shebesh – is that anybody who knows people who have had to pay monies to be ... view