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{
    "id": 467036,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/467036/?format=api",
    "text_counter": 226,
    "type": "speech",
    "speaker_name": "Hon. Nuh",
    "speaker_title": "",
    "speaker": {
        "id": 2840,
        "legal_name": "Junet Sheikh Nuh",
        "slug": "junet-sheikh-nuh"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I rise to support the Bill. Microfinance is the back bone of the economy of the rural sector of this country. Many of the rural-based communities use microfinance institutions to access capital to start different kinds of businesses. It is very important to regulate it, so that the rural community can benefit from it. On the other hand, microfinance institutions have been misbehaving for many years to the extent that they lend money to desperate Kenyans and when they default, the institutions end up taking even chicken from their houses, sufurias and beds. These are terrible people. They need to be regulated so that they do not mishandle other Kenyans who are unable to access funds. That is how schemes like the pyramid schemes went on in this country because there were no regulated microfinance institutions. However, we need to take these Bills very seriously. We need to look at them critically as Members. The other time when I said that the House is being converted into a conveyer belt, I was vilified here. But the Jubilee should stop subjecting Bills to tyranny of numbers like they did with the VAT Bill. Kenyans are crying. They are bleeding. Kenyans cannot afford milk and bread because of the Jubilee. It is because of the Jubilee. We opposed, but they used their numbers. So, the Bills that are brought before this House---"
}