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{
    "id": 1476866,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1476866/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "members. Sen. Wakili Sigei looks wealthier, so I do not know whether he needs a SACCO since a SACCO always comes in handy. You and I know that SACCOs have always been our last resort, especially when you are facing financial problems. Therefore, SACCOs are very critical. I can give the House brief statistics as I second and celebrate Sen. Mariam Omar's good work. I hope to see her elected from the region she comes from next time. She is a committed Member. I am the Vice Chairperson of the Senate County Public Accounts Committee. She is one of my committed Members of the Public Accounts Committee. According to the latest report, the cooperative societies we registered in Kenya had a membership of 25,050. We mention the Cooperative Societies Act of Cap 490, revised in 2012. The membership of these SACCOs across the country is 14 million. How many are we? We are around 50 million Kenyans. So, it is good to note that almost half of Kenyans are members of SACCOs across our country. What is the effect on the economy? Thirty per cent of national savings come from SACCOs, close to Kshs7.3 billion, or US$700 million. This means that if 14 million Kenyans save Kshs7.3 billion through SACCOs, we can achieve astronomical growth in terms of increasing both primary SACCOs in our villages through the farming sectors. I have told you I am a beneficiary of Mwalimu SACCO, which has assisted teachers. I think teachers are doing well. I am surprised that the Police SACCO is one of the best-run SACCOs in the country. While at it, I saw the communication by the new Cabinet Secretary of Education. I do not know his name. Is he called Julius ‘Mikosi’ or somebody?"
}