Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 904068,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/904068/?format=api",
    "text_counter": 121,
    "type": "speech",
    "speaker_name": "Sen. Nyamunga",
    "speaker_title": "",
    "speaker": {
        "id": 738,
        "legal_name": "Rose Nyamunga Ogendo",
        "slug": "rose-nyamunga-ogendo"
    },
    "content": "Thank you, Mr. Temporary Speaker, Sir. I would like to make a small comment on the Statement made by our colleague, Sen. Halake, which is very critical to me. In the rural areas, people started what we call “table banking,” from which they graduate to become a Community Based Organization (CBO), and from that, we move to SACCOs. This process was meant to teach our people, because there are so many people who are afraid of the banks, and they cannot approach any bank for credit. However, through table banking, CBOs and SACCOs, they learn as they move forward. Mr. Temporary Speaker, Sir, the most important thing here is that the formation of SACCOs is of importance to each and every one of us, because it affects the people at the grassroots. Where can the youth and women get money to take advantage of the direction by the Government, that 30 per cent of tenders should be allocated to them? The money can only be raised from either the CBOs or the SACCOs. It is, therefore, through the development of these SACCOs that women and youth can get to the level of getting credit from the banks. However, the way our SACCOs are being run is a disgrace, and it is a hoax from day one. I, therefore, urge the Committee that will deal with this Statement to look at the issue of management critically. This is because the problem here is the management, since the people who are given the mandate to manage these SACCOs have, from day one, the intention of defrauding the communities. Therefore, it is critical that they look into this matter and that we come up with a very good way forward on the way we should run our SACCOs so that they can benefit the people at the grassroots, for whom they are intended for. Thank you."
}