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"id": 1055751,
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"type": "speech",
"speaker_name": "Yatta, Independent",
"speaker_title": "Hon. Charles Kilonzo",
"speaker": {
"id": 46,
"legal_name": "Charles Mutavi Kilonzo",
"slug": "charles-kilonzo"
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"content": "phone financial services. We all know what Kenyans have gone through as far as bank loans are concerned. We know why most people are very suspicious of the banking sector. Mobile phone operators went into mobile banking due to the failure by banks to do their work. Mobile banking has been very successful because there is no law on it. That is why the environment in Kenya has been one of the most advanced in the world. So, the timing of this Bill is totally wrong. Let us allow the informal banking sector to thrive. At a later stage, when there is enough competition, we can relook at it. We all know how difficult it is to get a loan from a bank and how easy it is to get a loan from a mobile banking platform."
}