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{
    "id": 1192509,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1192509/?format=api",
    "text_counter": 243,
    "type": "speech",
    "speaker_name": "Mosop, UDA",
    "speaker_title": "Hon. Abraham Kirwa",
    "speaker": null,
    "content": "coming up with the bottom-up economic model. The bottom-up people are those in SMEs. People in SMEs support economies all over the world. The ju a kali sector is also among the SMEs. They pay taxes in First and Second World countries. I would like to see SMEs being empowered and given funding in Kenya. I look forward to the President giving them Ksh50 billion. I do not know where we will get the money, but I hope the country will afford to come up with it, so that they have capital to support themselves and their families, and pay taxes. The only way this country will afford to pay its debts and continue to pay its obligations is to increase the tax base. However, you cannot increase the tax base if you do not empower the SMEs. I support this Motion. I look forward to a few years from now when we will say that we were able to empower Kenyans and pass legislation that made a difference. In many places, especially here in Kenya, SMEs have been neglected in many ways. They are not funded. Banks are not giving them enough loans and even when they do, interest rates are so high such that they are unable to make enough profits to support themselves and repay the loans. If the Government comes up with funds whose interest rates will be subsidised and low, it will give SMEs an opportunity to make profits, support themselves and pay taxes. This will enable the country to make enough money to pay its obligations. I support the Motion that we fund and support SMEs."
}