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{
    "id": 982031,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/982031/?format=api",
    "text_counter": 432,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Ongeri",
    "speaker_title": "",
    "speaker": {
        "id": 124,
        "legal_name": "Samson Kegeo Ongeri",
        "slug": "samson-ongeri"
    },
    "content": "It is very important to insulate people working in these SACCOs. They must be properly qualified. First of all, it is their registration. This amendment seeks to amend the principle Act of the SACCO so that SACCOs becomes deposit taking SACCOs. SACCOs have a chance to be able to make the normal necessary amendments to their existing SACCOs. Any new SACCOS must take into account this new provision, that they must be a deposit taking SACCO. They have been given 12 months to bring in line all these amendments so that nobody can blame any authority because of the new rules that have come in. Obviously as a result of these amendments when they become law, they will then be expected to comply with the law."
}