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{
    "id": 237476,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/237476/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Mr. Tarus",
    "speaker_title": "The Assistant Minister for Local Government",
    "speaker": {
        "id": 315,
        "legal_name": "Stephen Kipkiyeny Tarus",
        "slug": "stephen-tarus"
    },
    "content": "sector. We have noted, and this I have slight information about, that people in the lower cadre of the economy are more vibrant and versatile, and always want to invest their little money. In fact, in terms of credit, the reports that we hear, particularly from the farming sector, is that those who really observe the law to the letter in repaying their loans are the ones in the lower cadre. If you come to the farming sector, those who take loans amounting to Kshs50,000, Kshs100,000 and Kshs200,000 are very prompt in their repayment. Therefore, encouraging this sector of Jua Kali also by zero-rating the importation of this equipment is surely allowing those who could not gain formal employment to also participate. It also encourages the manpower we produce from technical institutions like polytechnics to also participate in this particular sector, and if there is any source of industrialisation, it is this particular sector. The more we invest in this area, the more we improve the chances of our country moving towards an industrialised economy. Mr. Temporary Deputy Speaker, Sir, for a long time, our muslim brothers have never utilised loans provided by banks. But we have thought of encouraging banks to offer products that encourage our muslim brothers to use those facilities. That is part of integrating society and opening opportunities to all. Mr. Temporary Deputy Speaker, Sir, on the issue raised by one hon. Member that Kenya Revenue Authority (KRA) retains 2 per cent of revenue collected, my fear: What will it do with October 31, 2006 PARLIAMENTARY DEBATES 3267 that money? We badly need that money to run our economy. With those few remarks, I beg to support."
}