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{
    "id": 959199,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959199/?format=api",
    "text_counter": 577,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr.) James Nyikal",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. I rise to support the Motion of annulment of these regulations. These are three distinct institutions that were established under different legal notices that had totally different structures and even alignment within the Government system. To just come in and bring changes, through regulation without proper public participation and studies to see how they have worked and how they will work, definitely would not have served the desired purpose. Moreover, these institutions were established through a policy that was addressing vulnerable people that were not banked, but were definitely needy of money in small amounts that would support them in their own businesses. They were basically targeting groups that were registered under the social services. So, to come up and say that you want to put them together and establish something akin to a bank would be trying to establish a bank through the back door. If they wanted to establish a bank, that should be done in a proper manner. Again, the proposal has indicated that they wanted to use intermediaries. Intermediaries have not worked. Even in the current Funds, there has been an issue with intermediaries. I am not sure, probably the Committee would have given more information on this in terms of the motivation for putting all these things and amalgamating them into one was. I know there are problems. I am familiar with the Women Enterprise Fund, the Uwezo Fund and even the Youth Enterprise and Development Fund. The issues that probably should be addressed so that these 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."
}