{"id":723060,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/723060/?format=json","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."}