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"id": 914993,
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"type": "speech",
"speaker_name": "Rabai, ODM",
"speaker_title": "Hon. William Mwamkale",
"speaker": {
"id": 2672,
"legal_name": "William Kamoti Mwamkale",
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"content": "As it has been mentioned, here in Parliament, we do not turn the other page of the loan form when we guarantee our colleagues for Sacco loans. We are just shown where to sign and we do it without even knowing how much the colleague is borrowing. We do that in good faith, but it has been abused. That is why today everybody who has risen to contribute has congratulated Hon. Waititu because in the event of default, we know the colleagues we guarantee and know they are capable of paying. If a guarantor is contacted or given a notice and involved, he will show the financial institution be it a Sacco or any other institution on what to recover from the borrower before it gets to him."
}