Hongera Paul!

This is wonderful news and the way to go! Keep up the good work

"The future belongs to those who believe the beauty of their dreams.".

-- Eleanor Roosevelt

From: kictanet-bounces+emuchiri=andestbites.com@lists.kictanet.or.ke [mailto:kictanet-bounces+emuchiri=andestbites.com@lists.kictanet.or.ke] On Behalf Of Paul Kukubo ICT Board
Sent: Wednesday, May 11, 2011 2:49 PM
To: emuchiri@andestbites.com
Cc: KICTAnet ICT Policy Discussions
Subject: [kictanet] Kenya ICT Board hands over Pasha cheque

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 11^th 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