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{
    "id": 863347,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863347/?format=api",
    "text_counter": 225,
    "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": "Most of them were in complete support of the minor amendments being done on this Bill. During this particular time they were informed that it is essentially to align the Bill to the Constitution, the changed dispensation and in view of the Budget Statement. We have looked at the Bill and we have noted a few things which require to be amended. First of all, I must commend the Ministry for considering introducing ICT in the reporting by SACCO Societies. This is in line with the amendments we made on the Deposit-Taking SACCOs and the need to share intelligence information on creditworthiness of the borrowers from the SACCO. We believe now with the ICT-enabled reporting, we will have real time reports so that Members and any other interested parties can assess that information at any given time. We note the Bill in Clause 9 which introduces section 53(a) provides that the authority may establish and operate an electronic filing system for the purpose of electronic filing of the statutory returns and documents or other information required to be furnished to the authority under the Act or any other written law."
}