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{
    "id": 723106,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723106/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Hon. Wamunyinyi",
    "speaker_title": "",
    "speaker": {
        "id": 291,
        "legal_name": "Athanas Misiko Wafula Wamunyinyi",
        "slug": "athanas-wamunyinyi"
    },
    "content": "One more important clause which has been introduced in the Bill is on information sharing among financial institutions. This also puts a hindrance to people who are credit unworthy to access them. Some people have hidden in SACCOs. They have defaulted elsewhere and moved there to acquire loans. With a credit information sharing mechanism, there will be better control of credit information under a single regulatory framework, which will also provide checks on borrowers. This is very important for us. As you are aware, in our country, the cooperative movement has been responsible for the development of majority of Kenyans, who cannot access huge or big established financial institutions. We have encouraged our people to save regularly in the spirit of the culture of saving and borrowing wisely. This will only help us to realise our The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}