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{
    "id": 232834,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/232834/?format=api",
    "text_counter": 317,
    "type": "speech",
    "speaker_name": "Mr. Kagwe",
    "speaker_title": "The Minister for Information and Communications",
    "speaker": {
        "id": 229,
        "legal_name": "Mutahi Kagwe",
        "slug": "mutahi-kagwe"
    },
    "content": " Thank you very much, Mr. Deputy Speaker, Sir. I rise to clearly support the Bill and congratulate the Minister for Finance for the extremely good job he has done. I also want to congratulate Members of the Departmental Committee on Finance, Trade, Tourism and Planning for their contribution towards the Bill. Mr. Deputy Speaker, Sir, this Bill has been long overdue. What we are talking about here is a lifeline for a lot of Kenyans. We are talking about bringing a lot of Kenyans who are outside there into the monetary structure. The current banking sector has already priced itself way out of the market as far as people in the villages and most Kenyans are concerned. Consequently, it is our hope that the microfinance institutions that are going to be created are those that are going to be responsive to the needs of Kenyans and those that are going to avoid the practices that were carried out by the banks, particularly on the issue of very high interest rates, diminishing returns as far as savings deposits are concerned and so on. Mr. Deputy Speaker, Sir, I think that the House should be applauded particularly because November 28, 2006 PARLIAMENTARY DEBATES 3975 the people out there and the Media have been talking about how this House does not pass any Bills. This is a very good example that this House is working. With those few remarks, I beg to support. Thank you."
}