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{
    "id": 721698,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/721698/?format=api",
    "text_counter": 326,
    "type": "speech",
    "speaker_name": "Hon. Okoth",
    "speaker_title": "",
    "speaker": {
        "id": 12482,
        "legal_name": "Kenneth Odhiambo Okoth",
        "slug": "kenneth-odhiambo-okoth"
    },
    "content": "Looking at Kenya as several Members have said, jobs are being created by small and medium size entrepreneurs who do not have access to those major assets and properties which are the only basis of getting collateral and heavy business loans. This Bill is timely because it will allow us to create an electronic register of all moveable collateral which can be used. This will make things easy for the banks and lenders to know if they can verify a certain property whether it is a vehicle, machine, stock or other equipment that has value as registered by the owner as collateral against which lending can be done. Once lending is done, a new economic activity can be generated, more jobs are created and the Government will benefit because more taxes will be raised."
}