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Kenya's Ksh 320 million investment in entrepreneur-led Internet access


Kenya ICT Board and Family Bank have launched a Ksh 320 million loan facility to support the establishment of Pasha Centres across the country. This facility will finance Kenyan entrepreneurs willing to set up the Pasha Centres.

 

About Pasha Centers

Pasha Centres are internet access centres that will offer a rich bouquet of services to the public. Pasha Centers are modeled under three categories: Basic, Standard, and Advanced. Each category is defined by the number of computers and services to be offered and the scale of the Pasha Centre proposed by each applicant, but should include a blend of the following:

Internet access, computer training, vocational training, ICT retail, access to government services, entertainment and gaming, typing and data entry, printing services, copying and scanning, CD/DVD burning, faxing, IP telephony, cell phones and SIM card sales, mobile-based financial services, IT support and services, office supplies and stationary sales, printer supplies, laminating and photography and other IT enabled services.

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The centres, most of which will be in the rural areas will help deliver the government’s objective of ensuring that Kenyans everywhere have access to the internet, use it to access Government E-Services and improve their lives. There will be one Pasha Centre in each constituency – making 210 Centres in total to be set up within the next year.

The Kenya ICT Board will hire a consulting firm to provide online and on-call support to Pasha Centers. The support will include troubleshooting, repair and maintenance of equipment, support with software installation, support for LAN and WAN installation, among other services.

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About Pasha Loans

The Pasha Loan is made possible through a revolving fund set up by the Kenya ICT Board (through World bank funding) and administered by Family Bank. The funds allocated to each entrepreneur will be repayable over a three year period with an interest rate of 11.5% p.a on the reducing balance. Entrepreneurs can use the funds to finance set-up costs and or upgrading of an existing facility.

To apply for this loan, the Kenya ICT Board is inviting entrepreneurial Kenyans from around the country to submit business plan proposals that demonstrate how to build and run a successful Pasha Center. The best proposals will be offered a low cost loan from Family Bank allowing the entrepreneurs to realize their dream of owning a Pasha Center.

Applicants will be required to submit a compelling business plan as part of their loan application. Together with our financial partners, Family Bank , Kenya ICT Board will award loans to entrepreneurs that will see one Pasha Centre set up in each constituency countrywide within a year.

Deadline for Application: 25th February 2011

Download the Application Forum

Download Pasha Business Plan

More info about Pasha financing


Original article Submitted by Wayan Vota on Wed, 01/26/2011 - 07:54

Location

Nairobi, Kenya
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