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{
    "id": 982019,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/982019/?format=api",
    "text_counter": 420,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Ongeri",
    "speaker_title": "",
    "speaker": {
        "id": 124,
        "legal_name": "Samson Kegeo Ongeri",
        "slug": "samson-ongeri"
    },
    "content": "Than you, Madam Temporary Speaker, for giving me this opportunity to also contribute to what I consider as the most important amendment that has come from the National Assembly to the Senate, touching on matters of the cooperative societies or the SACCOs, as we know them today. One of the most fascinating elements is that this is operating at the grassroots level. It touches on many lives of very basic and simple people, who go about their businesses but have no financial capacity to handle their day to day activities; or, for any matter, are unable to increase any chances of prosperity within the areas of their operations. They have the intentions and goodwill, they want to make progress and advance in their businesses, however small they may be, but unfortunately they cannot get the financial support from either the normal standard banking systems or the micro finance institutions that are available. This may be because of many conditionality’s that put a stop to their borrowing ability and capacity. Therefore, these SACCOs came as a blessing in disguise. There are many good things that you can discuss about them. They cut across the spectrum of life; there are those who operate the boda bodas, and they are in many SACCOs. There are also the"
}