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{
    "id": 982022,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/982022/?format=api",
    "text_counter": 423,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Ongeri",
    "speaker_title": "",
    "speaker": {
        "id": 124,
        "legal_name": "Samson Kegeo Ongeri",
        "slug": "samson-ongeri"
    },
    "content": "There are those who go for speculation of businesses, particularly land purchasing opportunities. Such people go for these types of SACCOS. There are women groups who form SACCOS by performing daily simple tasks to ensure there is food on the table for the families. There are also SACCOS for vendors, and we have various types of vendors. We have vegetable vendors and those who sell dry goods in Gikomba and other markets in local or county government settings. They form SACCOS and sell their wares together. There are those who have ventured into high speculative land purchasing SACCOS, where they put their resources together. If you survey what is going on, particularly in urban centres, you will realise that many buildings are coming up. People with little savings and small means put money together, and it grows if you have proper establishments. If people keep accounts properly and do not do any other chicanery or steal from the members, you will see those SACCOS growing. I have witnessed that in urban centres like in Nairobi, Mombasa, Nakuru, Kitale and other towns. I have seen many successful ventures coming up because of people who are organized and who have come together. They have put up development housing estates where they earn a living without having to steal. In essence, the good that encompasses the SACCOs is something that we must jealously guard, because there are fraudulent characters that cheat the citizenry of this country who want to make an honest living. They cheat them and take away their money. That is why this new amendment seeks to take care of that aspect of life so that people can be shielded or protected from fraudsters, because Kenya is not short of fraudsters. There are many people who want to live on other peoples’ sweat. There are many people who have been corrupted to an extent that they defraud the ordinary earnings that people have put together through hard sweat. These are the fraudsters that this Bill must take care of, since they can make life impossible and miserable. That is because normally they take each and every cent that has been earned. There are those who come up with some sort of a SACCO, but in effect it is an individual or family SACCO. They persuade other families to join, thinking that they are joining a genuine SACCO. At the end of the day, these people fold up and disappear. I have seen SACCOS being formed for purposes of education and helping the children go to school. Some are formed with the intention of helping people pay school fees or children go to universities, and people are asked to make some payments. When the time comes and they want to have recourse to getting that money to send their children to school, they cannot locate those individuals because they disappear into thin air, and you will never locate their offices. There are also SACCOs that have been formed as employment bureaus for people seeking for jobs at county, national or international levels. When I was the Minister for Foreign Affairs, I witnessed a very sad situation, where poor little girls who wanted to look for earnings in some of the Middle East countries were defrauded of their small little savings by very crafty and ruthless individuals, who took away every single saving. Saving is a good thing to do, because it promotes deposits and creates a habit of keeping money for a rainy day, particularly for small earners. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}