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{
    "id": 632547,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632547/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Yes, I left my wallet on the other side. This is an extremely important Bill that raises very important issues. However, I think it is not providing the correct solution to the problem. From the outset, I do not support the amendment in this form, but I will say positive things that I know the Bill has helped to raise. First, it is raising focus on the fact that there is difficulty in accessing credit. There are issues of affordability of credit. The growth sectors are going to be starved of the capital they need to grow. Therefore, our objective to create employment may not be realised because nobody is paying sufficient attention to this. It is important for the Executive and for the banking sector to know this. The second part that is very important in this Bill is that it is telling the banking sector that Kenyans are extremely frustrated by the fact that the banks seem to be only interested in profit maximisation and that they may not be worrying about the development objective. This Bill is extremely important for that second objective. I hope the banking sector will pay due attention to this. Thirdly, it is also telling the Government that it is not putting enough instruments in place that will target the growth sectors that we are talking about. There were days when we had a large number of special purpose vehicles and special purpose loans that would be targeted to the Small and Medium Enterprises. These have now vanished. They should be brought back. They have their own baggage that they bring along that distorts the market a bit, but we still need to be serious about this."
}