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"id": 844875,
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"type": "speech",
"speaker_name": "Suna East, ODM",
"speaker_title": "Hon. Junet Nuh",
"speaker": {
"id": 2840,
"legal_name": "Junet Sheikh Nuh",
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"content": " Hon. Temporary Deputy Chairman, I just want to say one thing. I persuade Hon. Jude Njomo to withdraw this amendment because it might not be enforceable. How are we going to enforce it and make sure that 10 per cent of banks’ loans go to SMEs? It might be difficult. The second reason is that we have not done proper analysis. Maybe, even now, banks are lending more than 10 per cent to SMEs. Maybe, they are giving them 40 per cent as we speak now. We do not have that data with us now. Thirdly, if it is not enforceable, it might just become like black law or law in letter, but which you cannot enforce. We can only amend the Banking Act and incorporate an enforcement mechanism for this purpose after we have done a proper analysis. With those remarks, I persuade Hon. Jude Njomo to withdraw this amendment for now."
}