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{
    "id": 466947,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/466947/?format=api",
    "text_counter": 137,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "We invited the association of microfinance institutions which is actually the stakeholder when we met. One of the issues that they informed the Committee is that they support the Bill but they wished to propose some amendments which we will bring during the Third Reading. I want hon. Members to keep in mind one of this. They say that when they go to the village shopping centres, they are usually called microfinance deposit taking. So, it is very hard for them to convince their customers to save because according to many customers, they are used to the word “bank”. They were requesting my Committee to look into that issue. I think my Committee will bring amendments so that we can allow them to be called “microfinance bank” so that they are able to convince their customers since they are now controlled by the CBK like any other bank."
}