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{
    "id": 1180450,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1180450/?format=api",
    "text_counter": 508,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": null,
    "content": "I said that access to credit facilities has been a challenge to MSMEs in this country. This cannot give Government a blank cheque to turn itself into shylock. With these regulations we are making the Government of Kenya a shylock. The same shylock the Member for Molo was against is what the Government of Kenya is going to do to our people. I want to persuade Hon. Members that we must reject these regulations so that they are done afresh. Why do I say so? In moving this Motion, the Mover Hon. Chepkonga tried to persuade us that 8 per cent is meant for administrative costs. Hon. Temporary Speaker, that is not correct. I want to read the same Regulation No.25; it says that administrative costs of the Fund shall be met through appropriations to the State Department responsible for matters relating to MSMEs. What that says in simple terms is that this House will be appropriating money which will be used to administer this Fund."
}