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{
    "id": 1026780,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026780/?format=api",
    "text_counter": 496,
    "type": "speech",
    "speaker_name": "Kitui West, WDM-K",
    "speaker_title": "Hon. (Ms.) Edith Nyenze",
    "speaker": {
        "id": 13513,
        "legal_name": "Edith Nyenze",
        "slug": "edith-nyenze"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity to contribute to this Bill. Let me start by congratulating my Chair for being elected to this position and go straight to contributing to this Bill. I actually would give credit to whoever came up with this Credit Guarantee Scheme which is the economic stimulus by the Government. It has come at a right time especially when you look at the youth. These are people who are very strong and have very innovative ideas. The ideas go to waste, especially after they come from the university and they have no jobs to turn to yet they have very innovative ideas. You really feel bad when you see people getting wasted just because they have no jobs and no finances. So, this Bill is coming at the right time. Though there is a requirement of registration and others to be put into this scheme, we should concentrate more on the micro enterprises, the very small ones. This is because, as I have said especially with the youth who have a lot of innovation, they might not even have the money to register their businesses. They might not have the money to meet all the requirements by some of these bodies like the Kenya Bureau of Standards (KEBS) and the Kenya Revenue Authority (KRA) which have so many requirements. So, it is also good to consider that we might lose some innovations just because these companies are not registered. So, it is also good to look into that. It is true that the SMEs have had very high risks. That is why the banks have not been giving them money. It is because they have no experience and have no access to larger markets. Since they have been lacking the money, this is the right time to really finance them so that they can access credit through this scheme. There is a problem, especially on the mentality of Kenyans on the money – that everything from the Government is free and people can just misuse it. So, there is need to train especially those who will gain from these loans. It is also good for people to know that this is not free money. These are loans which are being given to them and there is need for them to repay them. The question is also who should access this money. There should be equality and equity in distribution. My suggestion is that we should use the 290 constituencies to help identify those who should access this money. This would be distributed all over the country because it is very easy to have the Ksh3 billion which would only go to those companies that know how to access this money and leave those very needy ones who are supposed to be uplifted by this kind of financing. So it is good to ensure that the distribution is done well. My suggestion is that we do it through the constituencies. If there is another fair distribution, the better. It is because we need to really put into…"
}