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{
    "id": 466986,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/466986/?format=api",
    "text_counter": 176,
    "type": "speech",
    "speaker_name": "Hon. Sitati",
    "speaker_title": "",
    "speaker": {
        "id": 3012,
        "legal_name": "Daniel Wanyama Sitati",
        "slug": "daniel-wanyama-sitati"
    },
    "content": "Thank you, hon. Speaker. I rise to support the amendment Bill. It is actually prudent that we take services closer to our people. Microfinance institutions are the only option that will give an opportunity to people in the rural areas to access banking facilities. When we had a monopoly of Standard Chartered Bank and Barclays Bank, those institutions would even go out of their way to raise the minimum account balances to unacceptable levels. With the inclusion of microfinance institutions and putting in place proper mitigation factors to ensure that they observe professionalism and ethical ways of doing banking, I can assure you that this country will move to the next level. The only way through which we can achieve Vision 2030 is going this route, so that banking facilities can get closer to the people. Therefore, this Bill will give an opportunity to even those people who are not able to access banking facilities at the moment. Therefore, I find it noble that this Bill is here with us in good time. With those remarks, I beg to support."
}