The fate of 238 entrepreneurs whose loan applications were approved by the Kenya Industrial Estate (KIE) Limited now lies with MPs after the Treasury slashed the lender’s budget by Sh350 million in the year to June 2017.
KIE managing director Parmain ole Narikae urged the National Assembly’s Finance, Planning and Trade committee to increase the budget, saying the agency had approved countrywide loans amounting to Sh314.9 million before the budget cuts.
