[kictanet] Kenya ICT Board hands over Pasha cheque

Wed May 11 15:54:08 EAT 2011

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 at ict.go.ke> wrote:

From: Paul Kukubo ICT Board <pkukubo at ict.go.ke>
Subject: [kictanet] Kenya ICT Board hands over Pasha cheque
To: lkimani at yahoo.com
Cc: "KICTAnet ICT Policy Discussions" <kictanet at 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 at 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 at 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
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