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{
    "id": 721722,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/721722/?format=api",
    "text_counter": 350,
    "type": "speech",
    "speaker_name": "Hon. (Eng.) Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "This Bill reminds me of an incident in 2008 when Equity Bank was opening their Bondo Branch. The Rt. Hon. Raila Odinga had just become the second Prime Minister of Kenya and we were there as Members of what was then the larger Siaya District to receive the leadership of Equity Bank to open that branch. One of the things that we decried as people who come from the lake region, was why with so much property in the form of moveable assets, some of the poorest people in this country still remain our fishermen. We put it to Equity Bank at the time why, for instance, it was not possible for our fishermen to use their boats, nets, hooks and all the fishing gear as collateral to access credit on the assessment of their value. When looked at in totality, the values of those moveable assets are in a tune of millions of shillings yet accessing credit has become a major problem. So, this is really a landmark Bill. I laud the originator for coming up with a Bill that is truly innovative and that is going to make credit easily accessible to many. It is not just the fisherfolk but even the farmers. Many farmers in our country have so much moveable assets in the form of equipment but they cannot use to access credit."
}