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{
    "id": 934463,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/934463/?format=api",
    "text_counter": 822,
    "type": "speech",
    "speaker_name": "Igembe South, Independent",
    "speaker_title": "Hon. John Paul Mwirigi",
    "speaker": {
        "id": 1574,
        "legal_name": "Cyprian Kubai Iringo",
        "slug": "cyprian-kubai-iringo"
    },
    "content": "The SMEs are started by young people to cater for their needs. While the Government encourages young people to become self-employed, it is difficult for them to start businesses. When one supplies commodities, they are not paid in good time. Also, when they supply to supermarkets, it is usually on credit. We should pass this Bill, so that it can help us to control the big buyers who are supplied with commodities. For this Government to empower the young generation to start businesses, we have to pass this legislation. When the young people supply their goods, they are guaranteed payment. It is good when one supplies, they are paid immediately. When suppliers supply to supermarkets, they are told to wait for about 120 days, yet what was supplied is sold within one, two or three weeks. They have to wait for 120 days to get paid. This Bill will help suppliers not to live in fear and follow-up payment without being threatened. It will also help the small business holders to claim for payment with confidence and not fear being threatened. I urge the House to support this Bill, so that the young innovators in this country can be in a good position to invest. We are encouraging foreigners to invest in this country. Whereas our people have potential, are educated and have capacity to invest in this country, there is lack of legislation that binds and gives them confidence to invest. Through this Bill, the upcoming businesspeople will be in a position to start their investments. They will have confidence in the legislation that we pass in this House. Hon. Temporary Deputy Speaker, with that, I beg to support. Thank you."
}