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{
    "id": 1476863,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1476863/?format=api",
    "text_counter": 185,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "I am a member of the Law Society of Kenya SACCO Society. I went to school, both primary and secondary, in the great schools of African sons and gentlemen of Kapsabet Boys High School, which produced the two presidents, the late retired President Daniel Toroitich Arap Moi and the current President of the Republic of Kenya, Dr. William Samoei Arap Ruto. Of course, you are truly the products of the great Kapsabet Boys and Gentlemen High School. My school fees were paid largely through Mwalimu SACCO because my mother was a teacher for a very long time. So, I can imagine that if we did not have societies, I might not have had the privilege or honour to attend high school. Therefore, it is also worth stating on the House's Floor that I have been the immediate former Vice- Chairperson of the Parliamentary SACCO Society for the last two years. The other day, in the principle of democracy, I allowed another Vice-Chairperson to take over. Currently, I sit as a director of the Parliamentary SACCO Society. Members will tell you that the SACCO we run here in Parliament, both the Bunge SACCO and Parliamentary SACCO, is critical to our Members' welfare and economic and social interests. I do not think there is any other efficient SACCO in the Republic of Kenya, Africa, or the world where your financial request, is processed within two hours. My colleagues and I have made reforms on the Board of Parliamentary SACCO, which is the basis of my argument for seconding this wonderful Motion. SACCOs are integral to every Kenyan in this Republic, from farmers to professionals. Although I saw a story, I do not know whether they picked it from the SACCO Societies Regulatory Authority (SASRA), the regulatory authority that regulates cooperative societies. The story is that our loans as Parliamentary SACCO are exposed to the tune of Kshs64 billion, which is unsecured. Many people do not know that Parliamentary SACCO loans are tailor-made to be secured within five years and we do not give them below the deposit you give as a member. I have told you that I sat as director and was the former Vice-Chairperson of the Board."
}