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{
    "id": 850222,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850222/?format=api",
    "text_counter": 527,
    "type": "speech",
    "speaker_name": "Gatanga, JP",
    "speaker_title": "Hon. Joseph Nduati",
    "speaker": {
        "id": 13338,
        "legal_name": "Joseph Nduati Ngugi",
        "slug": "joseph-nduati-ngugi-2"
    },
    "content": "The Bill has also come up with a criterion of information sharing among the SACCOs. Maybe this one will escalate to the banks so that in case a borrower defaults, this information is shared by the bank and SACCOs. The criterion of appointing directors, and we know most SACCOs are run by people who are incompetent and not well educated, has been set out in this Bill. It is high time we looked at SACCOs, so that as we come up with rules to manage these deposit-taking SACCOS, we also create rules which will also enable the ordinary SACCOs to fine tune their rules."
}