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{
    "id": 1425553,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1425553/?format=api",
    "text_counter": 169,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "experience in the particular field or guarantee. We should be looking even and exploring how young people can access credit. We ask them to give collateral security and yet they do not have title deeds. Title deeds belong to their grandfathers or great-great-grandfathers. However, the bank wants to loan them against collateral security. They do not have a logbook. They have just finished school. That is the pain of most of the young people go through. Most of them want to do something, but cannot do it because they need collateral or security like a logbook, title deeds or a payslip Online jobs that the President is trying to pursue, banks will take long to adapt to this. If you tell the banks that you are working online, they do not understand how you earn your money. Currently, the President is in America and other places to look for online jobs. We will build Information Communication Technology (ICT) hubs across the country. Even in my place, there is a place called Kaptengelei where young men are generating dollars from online jobs. Bankers do not understand how to give a loan to somebody who works online. They need to know that young people are moving differently. There was the issue of Bitcoin which has collapsed in South American countries. Young people need support since they cannot have collateral or loan security. They cannot have the title deeds, logbooks or a pay slip to get a loan. Finally, I agree with the amendments to this Bill. This is one of the Bills that I have unconditional support for. Although it comes from the National Assembly. This is a brilliant Bill and we should give a chance to young people to feel they are part of us. I heard Sen. Miraj saying in the morning that many people do not know in your tenure in the National Assembly you were instrumental in ensuring that muguka andmiraa are legal crops. The argument was that when you see young people consuming it during daytime it is because they do not have a job to do. They are idle. They say an idle mind is the devil's workshop. Mr. Deputy Speaker, Sir, there is the Hustler Fund that is His Excellency the President’s pet project for a better economy. We want young people to borrow the money and generate their income through the Hustler Fund. You do not need collateral or security to access Hustler Fund, you only need your phone and yourself to get that money. Interestingly in the Senate, almost 50 per cent of the Senators are young people. I expect all the young people in the Senate, including myself, to say something about this Bill. We have a number of women Senators who I expect to speak to this Bill. We have a number of Senators with disability or differently abled led by Sen. Crystal Asige and Sen. Mbugua who I expect to fine-tune this Bill by looking at it and tell us if it is in line with what their constituency would want us to pass. Are they comfortable? Going into the future, let us amend all laws possible within counties. I have challenged the chairperson of the Committee on Devolution and Intergovernmental Relations, Sen. Abass, who should do an audit. I saw the chairperson of the Finance of the Budget Committee, Sen. Ali Roba who should table a report on the compliance of counties on employment of 30 per cent youth. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}