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{
    "id": 915016,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/915016/?format=api",
    "text_counter": 251,
    "type": "speech",
    "speaker_name": "Meru CWR, Independent",
    "speaker_title": "Hon. (Ms.) Kawira Mwangaza",
    "speaker": {
        "id": 1325,
        "legal_name": "Kawira Mwangaza Mwenda",
        "slug": "kawira-mwangaza-mwenda"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for this opportunity. I rise to support this Bill. It will make borrowers to be responsible enough to settle their loans knowing that they will be targets of creditors. I come from a county that has more than 15 banking institutions. The Central Bank of Kenya (CBK) has its third currency centre in Meru. That shows the level of money circulation in that County. We need to protect our people from lenders who take their properties. We also need to protect every person who after getting some amount from lenders, the lenders come and seize all that they have in the name of guarantors having not honoured their promise of securing loans. The lenders should be responsible and transparent to customers. They should ensure that borrowers understand all the terms and conditions before signing any agreement to borrow any amount of money. Guarantors should also be protected from lenders who after seizing their collaterals, go further to demand extra assets in the name of having not fully recovered what they have taken from them. I support the Bill and urge this House to pass it so that our people are protected. Thank you. 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."
}