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{
    "id": 1096083,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1096083/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Nyaribari Chache, JP",
    "speaker_title": "Hon. Richard Tong’i",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": "The other cure that I see coming from this amendment Bill is that we will encourage people to deposit money in their accounts instead of keeping it in their houses. They will trust the banks to keep their money, so that it is safe and secure. From experience, I know of so many Kenyans who, out of fear, have decided to convert their houses into investment banks where they keep their money. It is because they fear that if they put the money in the bank, it will be lost. This amendment Bill will somewhat go a long way to ensure that we are spreading and sharing confidence with Kenyans, so that they can appreciate the virtues that come with putting their money in the bank, which is a decent thing to do. It is where the world is headed to. Decency demands that you put your money where you can use it as collateral. When you have it in the house, you cannot use it to secure yourself a loan in the event that you have an emergency which urgently requires more money than what you have as deposits."
}