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{
    "id": 1026792,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026792/?format=api",
    "text_counter": 508,
    "type": "speech",
    "speaker_name": "Mogotio, JP",
    "speaker_title": "Hon. Daniel Tuitoek",
    "speaker": {
        "id": 13434,
        "legal_name": "Daniel Kamuren Tuitoek",
        "slug": "daniel-kamuren-tuitoek"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity. I rise to support the Bill and congratulate Hon. Gladys Wanga for the good job and for being elected as the Chairperson of this Committee. This Bill is good. It specifically addresses those who are dealing with small businesses, MSMEs. If you look at this Bill carefully, it talks about those whose annual turnover does not exceed Ksh100 million. So, everybody is covered up to that limit. Even if you are dealing with less money, you are covered by that. However, it is a bit limiting; it says “…which employs between 51 and 250 employees.” That is an area we can amend. We want to assist those who are upcoming with startup businesses that are not employing many people. When we go to the Third Reading, we will specifically look at that. The Bill should also ensure that every part of the country is targeted. If we were to look at Uwezo Fund, Women Enterprise Fund and the Youth Enterprise Development Fund, we will realise that they are spread across all constituencies. I hope the Departmental Committee on Finance and National Planning will look at that so that we spread this scheme to as many areas of the country as possible. If we look at how Uwezo Fund, Women Enterprise Fund and the Youth Enterprise Development Fund works, it seems we have not succeeded in getting these funds embraced by the youth and women. There is an element of interest and Uwezo Fund has no interest but the other two funds have interest. When the regulations will be drafted – they will determine how we implement and operationalise this amendment – we will make sure that they do not restrict the youth and women or people dealing with small companies and business from accessing these loans. We should ensure that the regulations come to Parliament as soon as possible, so that these can be implemented. The Ksh3 billion should focus on job creation. I believe this amendment has the capacity to spur growth and expand employment in our country. With those remarks I beg to support. Thank you."
}