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{
    "id": 973056,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/973056/?format=api",
    "text_counter": 13,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Kamar",
    "speaker_title": "",
    "speaker": {
        "id": 33,
        "legal_name": "Margaret Jepkoech Kamar",
        "slug": "margaret-kamar"
    },
    "content": "The Petition before us concerns the liquidation of MUSCO. The members of MUSCO would like to draw the attention of the Senate to the following- (1) That MUSCO is an established Sacco. (2) That the Sacco began its operations in the year 1995 when the university began, making it 35 years old. The Sacco currently boasts of over 3,000 members in various institutions including Moi University, University of Eldoret, Maasai Mara University, University of Kabianga, University of Karatina, Bomet University College, among others, including those who are currently in Government. (3) That the Sacco purchased 0.14 acre leasehold property known as Eldoret municipality Block 43121 for a term of 50 years with effect from 1st August, 2009. (4) That as per evaluation report dated 2017, the property known as MUSCO Towers was valued at Kshs650 million, Kshs200 million which was charged to the Cooperative Bank of Kenya. (5) That MUSCO was a very attractive economic investment."
}