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"id": 850236,
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"type": "speech",
"speaker_name": "Hon. (Ms.) Rahab Mukami",
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"legal_name": "Rahab Mukami Wachira",
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"content": "(Nyeri (CWR), JP): Thank you, Hon. Temporary Deputy Speaker. I rise to support the amendment. As a Member of the Departmental Committee on Trade, Industry and Cooperatives, I want to thank the Members who have really supported this amendment. Most Kenyans do not differentiate between a SACCO society and deposit- taking SACCOs. Now, the DTS have been taking advantage of poor Kenyans. Most members are young and small entrepreneurs. They are small businesspeople who normally join SACCO so that they can get money to do businesses. Those people have been taking advantage of them because they did not have any rules and regulations. That is why we decided to do those amendments to make sure that Kenyans are getting value for their money. Another thing is about professionalism to run the deposit-taking SACCOs. The people who were taking their money to the SACCOs did not know exactly whether they were taking the money to be deposited or put in the cooperative SACCOs or, they would take loans after. We urge the management of SACCOs to do civic education to our Kenyans so that they can really understand exactly what happens in these SACCOs. Thank you."
}