Committee deliberations . Only 7,5% of funds was disbursed during the 1st Quarter - Khula indicated that it has long term commitments, and that funds are disbursed in tranches. Whenever a disbursement is made, the performance is evaluated against the objectives, and if objectives are not met, Khula has the right to withhold the allocation. . Utho Fund - the acting Manager indicated that the Utho fund is an initiative which they are considering, in partnership with the IDC, to co-fund programmes aimed at emerging contractors involved in the building of houses, bridges, roads and other infrastructure projects. . Khula's involvement in SOE procurement programmes - Khula stated that there are many opportunities available for emerging contractors. Portions of large contracts are allocated to sub-contractors, many of whom has the skills to do the job, but lacks the finance. It is this gap that Khula must fill. . "Cradle to grave" approach - according to the acting CEO, traditionally, the loan officer was in charge of the transaction right from the time the deal originated, up until Khula exited from it. Committee recommendations . Khula must forward a detailed report on how it intends capitalizing the Khula Direct Model to the committee. . Khula needs to improve and re-enforce its monitoring and evaluation. . Khula needs to improve their cooperation and coordination with other DFIs. . Funded companies should be monitored and assisted with mentoring and coaching programmes.