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{
    "id": 723060,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723060/?format=api",
    "text_counter": 162,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "It is also important to appreciate the role that the SACCO movement plays in this country. One of the most successful banks, the Co-operative Bank of Kenya, is owned, 65 per cent, by the SACCO movement. The holding company of Co-operative Bank, Co-op Holdings Co-operative Society Limited, owns 65 per cent of that bank. That company is fully owned by the co-operative movements in this country. Therefore, we cannot say that we will allow everybody to use the name “Deposit-Taking SACCO.” The whole rationale of using that DTS or D-T SACCO is to create that distinction so that when somebody asks me to put my money in a SACCO and be able to access that deposit tomorrow, I will know that this is someone who is being regulated by a Government authority."
}