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{
    "id": 863392,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863392/?format=api",
    "text_counter": 270,
    "type": "speech",
    "speaker_name": "Nambale, ANC",
    "speaker_title": "Hon. Sakwa Bunyasi",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "We have examples in Denmark or Holland where institutions have been born out of cooperatives and the SACCO type that are the major financial players in their respective countries and globally. It is possible for millions of Kenyans who may not get the advantage to go to big banks to benefit. You know some big banks closed down their branches around rural Kenya some years back. I would like to say without fear of contradiction that it is only Equity Bank that came on board. They then realised you can actually raise huge amounts of money and become successful and they all rushed back. Not just in rural areas but even in campsites. They began to seek customers in the rural areas and small market places. They discovered that you can actually get billions out of the small savings of the poor. Of course, other examples are in Bangladesh and other places. I have also indicated that you can bank on the poor. Many of our people who may not be working and have small savings will grow their savings and save their lifetime savings through SACCOs"
}