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{
    "id": 915011,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/915011/?format=api",
    "text_counter": 246,
    "type": "speech",
    "speaker_name": "Bomet Central, JP",
    "speaker_title": "Hon. Ronald Tonui",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": " Thank you Hon. Temporary Deputy Speaker for this opportunity to also make my contribution on this. I support this amendment by Hon. Waititu. I also commend him for coming up with this amendment Bill. The amendment, in itself, is straightforward because it is trying to protect innocent guarantors from being exploited by banks. The banks should not be lazy; they need to, first of all, pursue the borrower before going ahead to harass guarantors. I believe all of us are normally victims of this. We normally sign documents to guarantee our friends and such without even looking at the details and the banks get excited with that. Once they see our signatures to guarantee, they do not verify more. So, the first issue which should happen is for banks and SACCOs to follow up before going for the resources of guarantors. Let them exhaust the resources of the borrowers, if it is land or whatever they liquidate before going after guarantors. This amendment is quite welcome. 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."
}