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{
    "id": 463383,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/463383/?format=api",
    "text_counter": 265,
    "type": "speech",
    "speaker_name": "Hon. Kimaru",
    "speaker_title": "",
    "speaker": {
        "id": 2072,
        "legal_name": "Anthony Mutahi Kimaru",
        "slug": "anthony-mutahi-kimaru"
    },
    "content": "We have very many areas of this country where the only financial service that is available is through either the microfinance institutions or co-operative societies. It is rather sad that co-operative societies have not been brought in and yet we know that today the SACCOs are playing a very big role in financial services across the country. Probably, the Chairman, at a later date, may consider having the co-operative societies or the SACCOs enjoy the same freedom as the microfinance institutions. In a layman’s language, we now have microfinance institutions also being allowed to do standing orders not just among themselves but across the financial market and this is very important. The microfinance banks are also having another safeguard because they can go to the CBK as a lender of last resort. I believe that the amendments are desirable. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}