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{
    "id": 850173,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850173/?format=api",
    "text_counter": 478,
    "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": "Thirdly, it is on the qualification of the directors. Some of these big SACCOs have huge asset base. From the records that we have, the SACCOs that we have in the country have in excess of assets worth Kshs1 trillion with deposits of over Kshs500 billion. That is a lot of money. For those people who are going to manage those SACCOs, they must have at least some minimum managerial qualification. The proposal is to have at least some minimum qualification and some vetting. This is for the big SACCOs which are doing quasi-banking functions. With those few remarks, I second this Bill."
}