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{
    "id": 1368410,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1368410/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "I did not want to speak a lot so that my colleagues get a chance to also speak. I would like to speak about what we called Hustler Fund. Let me put two things straight because I have heard my colleagues misleading the House. When the President campaigned, he said that he will remove Kenyans who were in the Credit Reference Bureau (CRB) so that they can start afresh. He did not say he is burning Kenyans from being taken to CRB. I want to put it correctly because some of us took part in the drafting of the manifesto of the Kenya Kwanza Government. I know that manifesto like the back of my arm. Let us get our facts right. That is what we said and it was done. Two, in order to cushion Kenyans from these hard-economic time, we started what we call the Hustler Fund where young men and women, business people, corporative society and women groups could borrow money to start their businesses. The Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) Development is doing very well and we can see the indicators. I want to correct a notion that has been created by Sen. Osotsi. I have realised our brother, the Senator for Vihiga County, is a good reader of information. He ensures that the information he gives is good. Kenya was ranked by the International Monitoring Fund (IMF) as among the best economically strong nations. I encourage the young people from Vihiga, Siaya, Nyeri, Nandi and other counties to borrow from the Hustler Fund. It is your money, borrow and start businesses through the cooperative societies. The Hustler Fund is the only fund that you do not need to know anybody; it is you and your phone. You do not need to have a godfather, a girlfriend, a husband or a wife to borrow. I want to correct the misnomer that was put in the House. We must agree as a House that the Hustler Fund is going to be revolutionary. I encourage all Kenyans; the young people, who are watching me, to borrow from the Hustler Fund and their lives will be changed. In conclusion, I agree with the prayers we have set to review the Banking Act to renegotiate non-performing loans and provide cautions with Kenyans and prevent the loss of their movable assets. Let them protect these assets that they have. I assure the taxi drivers of Uber, Taxify, Bolt and boda boda sector that the Senate will stand with them and protect them from the sharks, shylocks and other unholy microfinance institutions in this country that continue to crash Kenyans . Mr. Temporary Speaker, Sir, with a lot of due respect, if we would have used the modern way of Islamic laws of banking. We would not be where we are. If we had proposed to use Islamic banks where there are zero interest rates, then this country could not be where we are. I hope when we renegotiate, we shall borrow some Islamic banking laws on how we can improve. With so many remarks, congratulations, Sen. Wamatinga. I wish you well. I want to see the legislative intervention when it comes to fruition. I invite Sen. Osotsi for lunch so that I can share with him how the economy is doing with the experts, so that when he appears before the Floor of the House, he can have a very good picture of our economy. I support."
}