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{
    "id": 1025074,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1025074/?format=api",
    "text_counter": 121,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "Those are provided in the Bill but we are adding that in doing the regulations, the Cabinet Secretary should also look at the maximum percentage of the scheme funds which may be used to guarantee an individual borrower. Here we are trying to deal with the concern of Members that some large borrowers can take most of the money and then the micro-enterprises end up with nothing. Moreover, we have also said there that we must have mechanisms to ease access to credit guarantees by enterprises owned by women, youth and persons with disabilities. I am sure nominee 001 will agree with me on that one. Hon. Temporary Deputy Chairman, on mechanisms for recovering the money from the borrower where the credit guarantee is liquidated, there were many concerns raised of people getting the guarantees then the guarantee is liquidated and they just walk away. So, here there must be mechanisms within the regulations to know that if you default and the government guarantee is liquidated, you do not just walk away scot-free. We must find mechanisms for recovering that money so that the contingent liability for Government is also not raised unnecessarily. Hon. Temporary Deputy Chairman, the limit period of default to a maximum of six months is just so that there is not too much room for people to default and keep getting away. So, I just wanted to explain that and also say to Hon. Makali on the concerns that he raised both in the Second Reading and now that, there is the Micro, Small and Medium Enterprises Authority which is already up and running and they will definitely have a role on how this scheme is rolled out. Therefore, I think that is already covered. So, thank you very much, Hon. Temporary Deputy Chairman."
}