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{
    "id": 1495557,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1495557/?format=api",
    "text_counter": 441,
    "type": "speech",
    "speaker_name": "Gichugu, UDA",
    "speaker_title": "Hon. Gichimu Githinji",
    "speaker": null,
    "content": "Another issue that will be addressed is on the matter of taking loans. This Bill requires that any decision by a cooperative society to take any loan must be approved by members at a general meeting. We have seen very many cooperative societies collapse by just taking loans haphazardly without even consulting the membership. Some cooperatives collapsed because the officials managing them gave out loans to people who were not even members of the cooperative society. There are instances where the cooperative leadership took any amounts of loans they wished. Such loans made most of the cooperative societies collapse."
}