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{
    "id": 466965,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/466965/?format=api",
    "text_counter": 155,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Clause 4 of this Bill can only deal with areas that this Bill is trying to amend based on the Microfinance Act. This clause seeks to amend Section 34 of the Microfinance Act. All that it does in this amendment is to empower the CBK to share both positive and negative information that they gather on behalf of the microfinance with other key institutions like the Kenya Revenue Authority (KRA), the regulatory institutions, fraud investigators, protection fund and the monetary authorities in order to make sure that this information helps in the proper discharge of the functions of the CBK and the microfinance. This will ensure that as we encourage our people to use the services of the microfinance, this amendment takes care of their assets."
}