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"id": 1512017,
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"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": " Hon. Temporary Chairman, I implore you to guide the House that we are in the Committee of the whole House, not at Second Reading. Allow me to correct what the Member for Tetu, Hon. Wandeto, has said. He is pre-supposing that by bringing these micro-finance institutions under the ambit of regulation by CBK, that they are being transformed into banks. They are not. They are just being regulated for the purposes of ensuring that the young boda boda riders in Tetu Constituency are not taken advantage of by crooks. Some of these people are simply crooks who are not regulated by anybody. You cannot tell us that the business of selling money is the same as the business of selling clothes. No, Hon. Wandeto. It is not. That is why you cannot register a company with the name ‘finance’ or ‘capital’ without the approval of CBK. Hon. Temporary Chairman, guide Members that we are in the Committee of the whole House."
}