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{
    "id": 851396,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/851396/?format=api",
    "text_counter": 315,
    "type": "speech",
    "speaker_name": "Rongai, KANU",
    "speaker_title": "Hon. Kipruto Moi",
    "speaker": {
        "id": 2689,
        "legal_name": "Kipruto Moi",
        "slug": "kipruto-moi"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for this opportunity. It is good you did not listen to these other Members. Otherwise, I would not be speaking today. I would like to comment on the amendment to the SACCO Societies Act. From the outset, I oppose it because I am a Member of the Departmental Committee on Trade, Industry and Cooperatives. The chairman, Hon. Kanini Kega, has spoken and we had done away with these amendments. These amendments aim to create a class of members that are referred to as social impact members. These members are not similar to the other ordinary members. These special members do not even subscribe to any shares in the mother SACCO. Social impact members shall, to the exclusion of other members, vote on issues that relate to a special fund. This fund is created by these special members. The investment committee which is also created by these members… They should not be called social impact members. They should be called special members because they are not similar to the ordinary members of the mother SACCO. They create an investment committee and this committee is run by them. It oversees the investments. They also vote on issues to do with special fund trustees who actually oversee everything that goes on in that social impact group. What this means is that you have created a special group or class within SACCOs creating disunity and discontent among ordinary members. Also, to be amended is the SACCO Societies Act but we will not go so much into that because as I see, this thing has been shot down. As a Member of the Departmental Committee on Trade, Industry and Cooperatives, I know that we have not been able to ascertain, as the chairman of the committee has said, who the sponsor of these amendments is. The Ministry and various co-operative organisations are not aware. To make it worse, when it comes to a major legislation such as this, they call it miscellaneous but it is not miscellaneous. This is serious. No consultation was done. Co-operative organisations and the general public were not consulted. No public participation took place and in a report that has been tabled in this House, these The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}