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"id": 914902,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/914902/?format=api",
"text_counter": 137,
"type": "speech",
"speaker_name": "Kiminini, FORD-K",
"speaker_title": "Hon. (Dr.) Chris Wamalwa",
"speaker": {
"id": 1889,
"legal_name": "Chrisantus Wamalwa Wakhungu",
"slug": "chrisantus-wamalwa-wakhungu"
},
"content": "Many times, when colleagues want to take loans, we guarantee them because of the issue of reference. We do not even go further to know how much they are borrowing from the Sacco. I have been guaranteeing everybody. I do not even know how much they normally collect from the Parliamentary Savings and Credit Co-operative Society (Pacoso). It is because of the trust that we have in each other, but if we allow the person giving you money to come for you, the guarantor, without exhausting the assets of the borrower, it will be unfair. So, this Bill is very critical. It will protect the guarantor. In my village, I have had teachers coming to spend at my place just because they guaranteed some people who took loans. The lenders do not give them peace. They go to their homes at night and try to auction everything they have and yet, they have left the person who 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."
}