Paul and ICT Board, Congratulations for this open and transparent process, and as Edith said elsewhere it is indeed trend setting. I hope other entities will emulate your example of growing the national economy, and definately a step in the right direction towards providing much needed capital throughout the nation. It is no secret what the West figured out long time ago, small businesses are the backbone of any successful economy. LK --- On Wed, 5/11/11, Paul Kukubo ICT Board <pkukubo@ict.go.ke> wrote: From: Paul Kukubo ICT Board <pkukubo@ict.go.ke> Subject: [kictanet] Kenya ICT Board hands over Pasha cheque To: lkimani@yahoo.com Cc: "KICTAnet ICT Policy Discussions" <kictanet@lists.kictanet.or.ke> Date: Wednesday, May 11, 2011, 7:48 AM Listers Kenya Information & Communications Technology Board Teleposta Towers, 12th Floor, Kenyatta Ave P.O.Box 27150 - 00100 Nairobi, KENYA Tel: +254 20 2089061/2211960 | Fax: 254-20-2211962 Email: info@ict.go.ke | web: www.ict.go.ke Press Release: Successful Loan Applicants Selected Date: Wednesday 11th May 2011 Kenya ICT Board is today giving Family Bank a cheque of USD 1.3 Million to start the first round of lending out the revolving fund. A total of 37 applicants have been approved. For this first round, the 37 applicants represent 37 constituencies and 24 counties across Kenya. Family Bank received 689 applications out of a total of 800 inquiries made. The 37 approved applicants have demonstrated various business ideas within their proposed Pasha centres ranging from; youth training, e-library services, website development, government services facilitation, teacher training, KCPE and KCSE online registrations, software development to name a few. The revolving fund will be disbursed as a loan by Family Bank, repayable over a three (3) year periodwith a 3 months grace period, but will have a flexible repayment period and below-market rate of interest – to a maximum of 10.5%. The loan applicant will be required to finance at least 10% of the business while the revolving fund will finance a maximum of 90% of the investment. The breakdown of the successful applicants is as follows: •Less than Kshs 1 M, 13 applicants •Between Kshs 1 and less than 2M, 16 applicants •From Kshs 2M – 3 M 8 applicants The objective of these loans is to enable prospective entrepreneurs to obtain access to credit which might not be available to them via existing micro–credit systems. The Pasha project falls under the Kenya ICT Board’s digital inclusion pillar which aims to increase access to ICTs by citizens across Kenya. It complements the other Kenya ICT Board agenda to stimulate job and wealth creation in ICT through entrepreneurship and is in line with Kenya’s Vision 2030. The List below shows the 37 successful applicants who will start off the Pasha centres in different constituencies. Note that the Kenya ICT Board plans to open 210 pasha centres countrywide; one per constituency. APPLICANT NAME COUNTY CONSTITUENCY Zacheaus Adukeyi Kubasu BUSIA Butula Edwin Odembo BUSIA Funyula Symphrose Ouma SIAYA Alego Alice Bosibori Onsarigo/Jude Chrispo Kikuyu/John Kieti Makila MAKUENI Makueni Alex Mwiti Kungutia/Enos Opati Ongute/Lawerence Wambugu Kemoche MERU Igembe Charles Gicira Warukira EMBU Manyatta Ayub Samba VIHIGA Vihiga Lucy Wanjiku Kinyanjui KIAMBU Kabete Benard Muriuki Mucheke/Jane Wanja Ndwiga NAIROBI Makadara Samuel Karanja Ngugi Muranga Kigumo Qassim Mukoya Kupuoni KAKAMEGA Matungu Nzambu Nasson Mwathe/Immaculate Nthambi Mutuku KAJIADO Kajiado Wilbert Cheruiyot / Eric Chirchir of San Systems Technologies BOMET Bomet Jared Odoyo Kwaga/Christine Akinyi Ochola MIGORI Migori David Kipkemboi Tuikong NANDI Emgwen Cuthbert Mcharo Idawo TAITA TAVETA Wundanyi Kipkorir Aly Azad Rana/Mohammed Halim Rana KISUMU Kisumu Town West Directors of NGO KISUMU Nyando Millicent Achieng Agoro Otieno Nyakach Elijah Kitati Mwaniki GARISSA Ijara jeremiah wando mbugua/geoffrey thuo gaitheru KIAMBU Limuru Philip Kimeu Mulovi/John Musau Kimeu MACHAKOS Mbooni Abel Koome Gitura MERU Central Imenti Douglas Kabii Munyua MERU North Imenti Paul Onyango Owino KILIFI Kaloleni Walad Ahmed Walad/Salma Said Mohamed KILIFI Malindi Eric Wesonga Simiyu MOMBASA Likoni Philip Muguro Ngugi MURANG'A Maragua Joseph Kirite NYANDARUA Kinangop Oscar Gwehona Gidei/Reuben Kipchirchir Sirma BARINGO Baringo Central Nelson Kiprono Siongok KERICHO Belgut Geoffrey Gitau Kamau/Veronica Muringi Gitau KIAMBU Juja Kinoti Marete George MERU Nithi Peter Gichohi Gitau LAIKIPIA Laikipia West Pharis Migwi Baaru NYANDARUA Ol Kalou Paul Karanja Kamami KIAMBU Gatundu North Robert Okoth Okwany/Frank Otieno Owiti HOMA BAY Rangwe For more information contact Email digitalvillages@ict.go.ke www.ict.go.ke The Kenya ICT Board is a State Corporation under the State Corporations Act 446Sent from my iPad Paul Kukubo Chief Executive Officer, Kenya ICT Board PO Box 27150 - 00100 Nairobi, Kenya 12th Floor, Teleposta Towers Koinange Street Tel +254 20 2089061, +254 20 2211960 Fax: +254 20 2211962 website: www.ict.go.ke local content project: www.tandaa.co.ke, www.facebook.com/tandaakenya twitter:@tandaaKENYA BPO Project: www. doitinkenya.co.ke Digital Villages Project: www.pasha.co.ke personal contacts _______________ Cell: + 254 717 180001 personal blog: www.paulkukubo.co.ke personal twitter: @pkukubo -----Inline Attachment Follows----- _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke http://lists.kictanet.or.ke/mailman/listinfo/kictanet Unsubscribe or change your options at http://lists.kictanet.or.ke/mailman/options/kictanet/lkimani%40yahoo.com The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. 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