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{
    "id": 914997,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/914997/?format=api",
    "text_counter": 232,
    "type": "speech",
    "speaker_name": "Nakuru CWR, JP",
    "speaker_title": "Hon. (Ms.) Liza Chelule",
    "speaker": {
        "id": 13126,
        "legal_name": "Liza Chelule",
        "slug": "liza-chelule"
    },
    "content": "We are discussing a very important amendment Bill which is about protecting guarantors. Under normal circumstances, guarantors and borrowers do not do this in bad faith. They do not take it as a bad decision. When you guarantee somebody, it is for the purpose of economic growth at the family level and at other levels. But at some point, there are challenges that force the principal borrower to default on the loan repayment. The reason I support the Bill is because many innocent guarantors who are very good people have been suffering because of this. There should be sensitisation on the purpose of guaranteeing. Most guarantors have been doing this innocently. They do not know why they are signing and why they are made to it. They do in it in good faith. Most have been guarantors of relatives and friends. They do not know of the consequences they would suffer later. So, there is need to educate the guarantors. Today, we are coming up with a Bill that will protect the interest of guarantors. This is a good initiative by the Member for Juja constituency. I congratulate him."
}