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{
    "id": 723069,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723069/?format=api",
    "text_counter": 171,
    "type": "speech",
    "speaker_name": "Hon. Kipyegon",
    "speaker_title": "",
    "speaker": {
        "id": 1453,
        "legal_name": "Johana Ngeno Kipyegon",
        "slug": "johana-ngeno-kipyegon"
    },
    "content": "to have other institutions like SACCOs to join this sector, so that they can help people. There are so many areas in this country where we cannot access banks and people can access SACCOs easily. I support the Bill knowing very well that the regulations in it will bring a difference in SACCOs, shylocks, pyramid schemes and private SACCOs, which have been fleecing depositors who participate in the institutions. I thank the drafter of the Bill. This is the kind of law that will ensure that the activities of SACCOs, whether it is in the village or not, are at the level of deposit taking SACCOs and will be covered by the regulations. They cannot be operating illegally and fleecing depositors."
}