[kictanet] Pasha Loans Selection Round 1 Completed

[Paul Kukubo]

Listers



The Kenya ICT Board PASHA Project has now completed the selection stage for
the first phase during which have finalised selection of 37 candidates for
issuance of loans.

Family Bank will now proceed to notify and negotiate final terms with
successful loan applicants. The Board is optimistic that the first
successful loan applicant will be issued a cheque just after Easter. For
this first round, the 37 successful loan applicants represent 37
constituencies and 24 counties across Kenya.

The Loan applicants will be receiving an average of Kshs 1.8m each towards
setting up or improving their centres. The money will be disbursed as a loan
by Family Bank on the basis of agreed milestones which were set out in the
loanees application. Interest rate charged will be 10.5% per annum repayable
in 36 months with a 3 months grace period.

Between 24th January 2011 when the call for applications was made and
25thFebruary 2011 at the close, Family Bank received 689 applications
out of a
total of 800 inquiries made.

 The successfull 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.

Number of successful applicants is breakdown as as follows:

   - Less than Kshs 1 M, 13 successful loan applicants
   - Between Kshs 1  and less than 2M, 16 successful loan applicants
   - From Kshs 2M – 3 M 8 successful loan applicants

The Kenya ICT Board is working with all network operators to ensure all
centres have access to reliable internet connectivity and have the ability
to offer citizens a suite of relevant and compelling services.



This is only the first phase of the Pasha Loan scheme; we eventually want to
create a Pasha centre in every constituency, likely by end 2011.

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.



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


skype: kukubopaul
googletalk: pkukubo
personal blog: www.paulkukubo.co.ke
personal twitter: @pkukubo


____________________
Vision: Kenya becomes a top ten global ICT hub

Mission: To champion and actively enable Kenya to adopt and exploit ICT,
through promotion of partnerships, investments and infrastructure growth for
socio economic enrichment
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