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{
    "id": 850230,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850230/?format=api",
    "text_counter": 535,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "some form of registration and training so that if they contribute to collapse of a particular SACCO, they should not be allowed to become directors or senior members of staff or any staff at all of any other body. For example, in the banking sector now, if you steal money, it will impossible for you to get a job in another organisation. But, of course, we need to define “significant members” so that SACCOs are not forced to ask even cashiers and the rest to be subjected to the stringent rules. We know SACCOs and the cooperative movement are critical mobilisers of resources in this country. With banks having been reluctant to finance businesses and other development activities, probably in protest or to sabotage the interest rate caps, ordinary members of this society have fallen back to SACCOs. That is where they have been raising funds to undertake development projects to incubate and expand businesses. Therefore, we need to focus a little more attention on the cooperative and the SACCO movement so that it plays its role because the banks might not have the capacity to serve all Kenyans who want seed capital to develop their businesses."
}