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{
    "id": 850238,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850238/?format=api",
    "text_counter": 543,
    "type": "speech",
    "speaker_name": "Kabondo Kasipul",
    "speaker_title": "Hon. (Ms.) Eve Obara",
    "speaker": null,
    "content": " Thank you very much, Hon. Temporary Deputy Speaker for giving me this opportunity to speak on this Bill. I stand to support the amendment. Not to belabour facts that have been stated here, I remember with nostalgia those many years back when we had vibrant SACCOs with businesses thriving in this country. Soon after, we also remember when SACCOs collapsed with millions of shillings of struggling Kenyans trying to raise money or save it for their future. I am happy that the amendment has come at the right time, with very clear guidelines and regulations that will streamline management of SACCOs. This will give Kenyans confidence in saving with the SACCOs once again. I know great SACCOs like the one in my county. It was for teachers. It collapsed with a lot of money. With the kind of numbers we have with the teachers and these regulations coming up, I believe they will be happy that this is finally coming through. On the leadership, I am happy that sanctions are coming out very clearly on what will happen if one fails. Even as you go for the leadership of a SACCO, you know there are certain sanctions and that you will be held to account if things go wrong. I once again support the amendment."
}