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{
    "id": 1026749,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026749/?format=api",
    "text_counter": 465,
    "type": "speech",
    "speaker_name": "Emurua Dikirr, KANU",
    "speaker_title": "Hon. Kipyegon Ng’eno",
    "speaker": {
        "id": 1453,
        "legal_name": "Johana Ngeno Kipyegon",
        "slug": "johana-ngeno-kipyegon"
    },
    "content": "I support this Bill especially because it deals with the issues of the SMEs - people who do small things. For a long time, we have been putting our money on big enterprises, big businesses and many other areas where obviously the small businesses in the villages cannot access this money. The reason being, we have been asking for a lot of heavy security to access the loans. I think this Bill will kind of cure this. The only mistake which was made and that will be cured in the future, is the amount of money which was allocated in this particular setup. Hon. Temporary Deputy Speaker, these people comprise 50 to 60 or even 70 per cent of the population of this countr. We should have added them some money. But as time goes by, we will ensure that we add them more and more so that they can also access these monies. This is also a challenge for the other funds which we had created in this House, especially the Uwezo Fund and the Women Enterprise Fund. If we were to move in that same direction, we would be able to touch on those small people who can help grow the economy of this country. Too many youths especially in our villages have graduated from both universities and colleges, and there are no jobs. These are people who want to do businesses. These are people who want to run SMEs but the problem is how to access loans or monies that can help them raise their businesses. This Bill comes in handy and I believe that we are not going to give serious and stringent conditions on how to access these monies. Let us reduce the conditions. Lastly, when these people do not or fail to repay the money, let us not be in a hurry to put them in Credit Reference Bureau (CRB) which deny people other opportunities of accessing other money. In other countries, a person who fails to pay a loan can go to another bank to offset the first loan. However, in Kenya we place them on CRB and thus negating the idea of getting some other money to pay off. The Credit Reference Bureau (CRB) thing is not good and is not helping anybody. We are even putting students who fail to pay Higher Education Loans Board (HELB) loans on it."
}