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{
    "id": 463355,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/463355/?format=api",
    "text_counter": 237,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "“specified microfinance bank” means a licensed microfinance bank within the meaning of the Microfinance Act, 2006 which is specified by the Bank for the purposes of this Act. Since microfinance banks are going to carry on business authorized under the Central Bank of Kenya Act, it is necessary to specify microfinance bank for purposes of the Central Bank of Kenya Act. So, the effect of that now is to include microfinance banks as part of those institutions which have been specified to carry out businesses which are licensed under the Central Bank of Kenya Act. So, that is all about that amendment."
}