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{
    "id": 1095774,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1095774/?format=api",
    "text_counter": 286,
    "type": "speech",
    "speaker_name": "Ugenya, MDG",
    "speaker_title": "Hon. David Ochieng’",
    "speaker": {
        "id": 2955,
        "legal_name": "David Ouma Ochieng'",
        "slug": "david-ouma-ochieng"
    },
    "content": "industry . You go in, pay Kshs10,000 and leave with a pikipiki . You pay the rest through a platform. We have seen people harming themselves because they are unable to pay on time. The Government has interest and I hope the CBK will have interest in ensuring that Kenyans do not get so indebted that they run into mental turmoil. There are also requirements that when sharing information, the Credit Reference Bureau and any other credit reference sharing platforms must be regulated, so that information about individuals borrowing is not just out there. An individual borrows money from this platform not knowing that the information he is giving out will be shared with another platform, yet the information required on this platform is a lot that, if shared, may easily breach our laws as regards information sharing and privacy. I end by saying that I hope the CBK will come up with regulations to ensure that lenders have recovery means that are dignified and humane, so that we do not have lenders recovering money from Kenyans in a manner that is dehumanising and does not promote the dignity of the individual. All the things we are proposing to do like lenders making loans available are supposed to make people live dignified lives. We cannot allow a system of borrowing and lending that makes people live in fear of being auctioned, their property being taken away or not knowing what the lender will do next. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}