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"id": 1580142,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1580142/?format=api",
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"type": "speech",
"speaker_name": "Ikolomani, ODM",
"speaker_title": "Hon. Bernard Shinali",
"speaker": null,
"content": " Hon. Speaker, I wish to submit the following response from the Cabinet Secretary, Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSME), to the specific issues raised by the Hon. Member. Hon. Speaker, the Hon. Member requested the status of Shirikisho La Wanawake Savings and Credit Society, including its financial and registration status with the Sacco Society Regulatory Authority (SASRA). Hon. Speaker, the current status of Shirikisho La Wanawake Savings and Credit Society is dormant, as it has not filed its audited accounts since 2007. The Sacco was not licensed by SASRA, as it was neither a deposit-taking Sacco nor a specified non-deposit-taking Sacco. As of 31st December 2007, the Sacco had 2,107 members, with a share capital of Ksh 4,056,266. The outstanding loan with members stood at Ksh1,053,674. Current assets stood at Ksh3,460,012, with liabilities totalling Ksh1,488,427. During the year, the Sacco made a loss of Ksh427,061. On the second question, the Member wanted to know what the Ministry has put in place to ensure that the SACCO complies with established regulations."
}