{"id":863427,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/863427/?format=json","text_counter":305,"type":"speech","speaker_name":"Teso North, ANC","speaker_title":"Hon. Oku Kaunya","speaker":{"id":13488,"legal_name":"Edward Oku Kaunya","slug":"edward-oku-kaunya"},"content":"The second reason I support this Bill is the question of SACCOs. When we expand SACCO societies, it will increase the available amount of money to the public and for business at a low cost of interest. Most SACCOs, as you realise, charge a very low percentage of interest to the members in terms of acquiring loans. With this, we believe the cost of loans will go down as long as they will have a greater base in terms of coverage."}