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{
    "id": 850170,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850170/?format=api",
    "text_counter": 475,
    "type": "speech",
    "speaker_name": "Kieni, JP",
    "speaker_title": "Hon. Kanini Kega",
    "speaker": {
        "id": 1813,
        "legal_name": "James Mathenge Kanini Kega",
        "slug": "james-mathenge-kanini-kega"
    },
    "content": "Since the introduction of the prudential regulatory framework for the deposit-taking SACCOs (DTs) in 2010, concerns have been raised relating to the usage of the name “SACCO” or “SACCO society” within the larger cooperative sector. In particular, a lot of concerns have emerged relating to the extent to which DTs which are licensed and prudentially regulated can be distinctively and uniquely distinguished from other cooperative societies including other Non- deposit-taking SACCOs (NDTs). The NDTs are not part of this. These concerns are born out of the fact that many cooperative societies have been invariably using the name “SACCO societies” to the extent that in common parlance, it has become difficult to know the difference between a cooperative society, a SACCO society, a deposit-taking society and a non-deposit-taking SACCO society. The emergence and exponential growth of the matatu or PSV SACCOs have further fuelled the concerns with critical questions being asked as to the extent of the SACCO The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}