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{
    "id": 463394,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/463394/?format=api",
    "text_counter": 276,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "(c) the employing of money held on deposit or on current account, or any part of the money, by lending, investment or in any other manner for the account and at the risk of the person so employing the money including the provision of short-term loans to small or micro enterprises or low income households and characterized by the use of collateral substitutes; and, (d) such other business activity as the Central Bank may prescribe “non- microfinance bank business” means microfinance business other than a microfinance bank business as defined under the Act, undertaken by a microfinance bank; (b) inserting the following new paragraph immediately after paragraph (a)— “(aa) by deleting— (i) the definition of the term “institution” and substituting therefor the following new definition— “institution” means a microfinance bank licensed under this Act; (ii) the definition of the term “deposit-taking microfinance business” and substituting therefor the following new definition— “deposit-taking microfinance business” means microfinance bank business. (iii) the definition of the term “deposit-taking microfinance institution”, and substituting therefor the following new definition— “deposit-taking microfinance institution” means a microfinance bank”; (iv) the definition of the term “microfinance business”, and substituting therefor the following new definition— “microfinance business” means “microfinance bank business”; (v) the definition of the term “non-deposit-taking microfinance business”, and substituting therefor the following new definition— “non-deposit-taking microfinance business” means “non-microfinance bank business”."
}