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{
    "id": 914973,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/914973/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Westlands, ODM",
    "speaker_title": "Hon. Tim Wanyonyi",
    "speaker": {
        "id": 3036,
        "legal_name": "Timothy Wanyonyi Wetangula",
        "slug": "timothy-wanyonyi-wetangula"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for giving me a chance to contribute to this Bill. The object of this Bill is to cure the ambiguity in the law so that businesses can operate in a predictable and secure environment. As my colleagues who have spoken earlier than me have alluded to; many times people borrow with good intentions and those who guarantee them do it because they know the borrower. He could be a friend and they are very sure that he won’t default when they are appending their signature to that document. The primary objective of the lender or the financial institution should be to deal with the principal borrower, but not take shortcuts to go for the guarantor who is there to make sure that the person who is borrowing is provided with some security. This should not be the excuse for the financial institution to harass him in the end."
}