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{
    "id": 1564149,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1564149/?format=api",
    "text_counter": 269,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Kamar",
    "speaker_title": "",
    "speaker": {
        "id": 33,
        "legal_name": "Margaret Jepkoech Kamar",
        "slug": "margaret-kamar"
    },
    "content": "I am happy about Clause 22 on credit guarantee scheme. It means that any creative person will not be limited. The problem is that the most creative person may not be the most endowed as far as financing is concerned. It is good that a Fund will be established to guarantee credit. Somebody can only have an idea. For you to transform that idea into something tangible or that which can give you economic value, you need somebody to walk the journey with you. That is some financial support to take you through. That is why we need a credit guarantee scheme. According to Clause 22(2), the aim of the credit guarantee scheme is to provide for accessible financial support to the creatives. When this is explained to our youth, you will see how creativity will boom. Madam Temporary Speaker, we used to have science congress. During science congress, our youth were supposed to come up with ideas that were not in the books. Students used to come up with ideas that were amazing. They used to come up with many ideas which were never implemented because there was no funding. After presenting their ideas during science congress, upon finishing Form Four, they went away. It is important to have a credit guarantee scheme to provide accessibility to financial support and a framework for the creatives. That is important because not everybody who has ideas can finance them to maturity. They need somebody else to support them, so that they incubate their ideas and work on them. I also like the proposal that they are going to access research information. That will inform them about what has happened in other corners of the world so that they do not duplicate. However, they can build on that and grow. That requires a lot of research and that must be provided for. I am happy that this Bill has provided for that. Issues of mentors and resource persons have been articulated. Issues of intellectual property rights as part of capacity building have also been outlined and that is good. We also have the issue of projects and existing incubation programmes. They need to have that information, so that they do not redo what is going on. To me, this Bill is extremely good. It will be a game changer to the lives of our youth, especially now that we are transiting to Competency Based Curriculum (CBC). Madam Temporary Speaker, with those remarks, I support. 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."
}