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{
    "id": 48314,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/48314/?format=api",
    "text_counter": 166,
    "type": "speech",
    "speaker_name": "Mrs. Kilimo",
    "speaker_title": "",
    "speaker": {
        "id": 173,
        "legal_name": "Linah Jebii Kilimo",
        "slug": "linah-kilimo"
    },
    "content": "Thank you, Mr. Speaker, Sir, for your direction. I beg to reply. (b) I wish to inform this House that my Ministry has been working closely with the management committee of Ufundi SACCO in the management of refunds to members without destabilizing the operations and the stability of the SACCO. This is being done in conformity with the Co-operatives Societies Act, rules and the by-laws. For this reason, the SACO, with the guidance of my Ministry has since 1999 been able to issue refunds to the tune of Kshs100 million. In addition, the establishment of the SACCO Societies Regulatory Authority (SASRA) through the SACCO Societies Act of 2008 is playing a major role in assisting the society in applying prudential standards for effective management."
}