“This revolving fund was meant to benefit women, youth and people leaving with disabilities in the county, but I have learnt that there could be misappropriation of funds. Therefore, I want a full report on how much was disbursed and repaid from the first to the fifth cycle,” said Mwailemi.
Mwailemi noted that most groups which benefited from the fund had defaulted and some could not be tressed.
He said his office will visit all groups purported to have benefited from the kitty to check on their progress and misfortunes.
According to the fund’s administrator Mr. Yasin Chalambo, the fund was a located ksh 63 million. Of the ksh 59 million disbursed, only ksh 23 million has been recovered since the fund was initiated. A total of ksh 2.9 million was set aside as grants to economically boost people living with disabilities.
However during the meeting it emerged out that the fund had a closing balance of only ksh 464,663 as at December 31 2017 raising more queries on recovery of the loans disbursed.
DATU Sawazisha fund board’s chairperson Mr. Boniface Mwangemi said the board has done its best to ensure the targeted groups had received the loan but cited a challenge in recovering the loans.
He said the board is in the process of compiling names of defaulter groups which will be forwarded to Credit Bureau for blacklisting which will block the groups from accessing loans or financial assistance from banks or any other financial institution.
The board will submit its report on Wednesday which will also warrant a full audit of the fund.
The board officials also cried foul of unpaid allowances amounting to ksh 1.9 million.
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