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{
    "id": 46304,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/46304/?format=api",
    "text_counter": 47,
    "type": "speech",
    "speaker_name": "Mrs. Kilimo",
    "speaker_title": "",
    "speaker": {
        "id": 173,
        "legal_name": "Linah Jebii Kilimo",
        "slug": "linah-kilimo"
    },
    "content": "Mr. Deputy Speaker, Sir, I agree with my colleague that SACCO money is cash money. We also know that in SACCOs, people are given loans three times their shares. Where a SACCO goes under, for example, the Ulinzi SACCO during the 1994 retrenchment exercise, they did not take into account the people’s shares. So, when people are refunded their shares, the liquidation of the SACCO is compromised. We passed the Co-operatives Act of 2008 in 2010 and now we have in place SACCO Societies Regulatory Authority (SASRA) that helps us to check the performances of the various SACCOs. The other day, we also put in place the co- operatives ethics where members can judge their managers using the code of ethics of the co- operative movement."
}