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{
    "id": 467012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/467012/?format=api",
    "text_counter": 202,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) A. W. Ng’ang’a",
    "speaker_title": "",
    "speaker": {
        "id": 2884,
        "legal_name": "Alice Wambui Ng'ang'a",
        "slug": "alice-wambui-nganga"
    },
    "content": "Madam Temporary Deputy Speaker, I stand to support this Bill. We have come of age. As Kenyans, we are now able to solve our own problems. Before, it was a nightmare accessing loans. Right now, with microfinance at the grassroots level we can now access our loans easily. For this reason businesses are now growing. Before, we never used to know what was expected of us even after accessing a loan. Right now, if you go to a bank you are told of the products that are being offered. At the grassroots level, this will empower many people. Most people at the grassroots level never wanted to access loans and that is why they joined the pyramid schemes which collapsed. Previously, people spent a lot of money to open an account. With microfinance, it is easier to open accounts and access money. In fact, people now are not putting money under blankets and inside mattresses. People now know the need to bank their money. We support the idea of having microfinance institutions at the grassroots level. It used to be a big deal to go to the banks. The big banks knew that they were the only ones in existence. However, today, there are many financial institutions and so the 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."
}