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{
    "id": 1025146,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1025146/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Hon. Temporary Deputy Speaker at this stage, I have some short quick comments to make on this Bill. This is because the Bill was extensively debated during the Second Reading. From some of the contributions, I realised that probably, we need to understand the import of this Bill properly. This Bill seeks to provide a credit guarantee scheme and the borrowing will be through financial institutions. So, let us not leave this place and start telling our constituents who own enterprises that the Government is now going to give them loans. The Government is setting up a fund to guarantee and make it easy for these micro, small and medium enterprises to access loans, they would otherwise not access if there was no credit guarantee given to them. This is what I wanted to emphasis. The Chair of the Committee while explaining one of the amendments came out very clearly that this is a credit guarantee scheme. I want to thank the Government for taking this step at this time. I hope this scheme will be administered properly to realise its very objective for which it is set-up. Thank you, Hon. Temporary Deputy Speaker. I support."
}