David Ole Sankok

All parliamentary appearances

Entries 1791 to 1800 of 2182.

• 7 Nov 2018 in National Assembly: I am particularly impressed by Section 54 on sharing of information within the SACCOs. What has made SACCOs collapse at times is the borrowing of members who are not interested with the development of the SACCO but are self-centred. Those are the individuals who normally have this attitude of “I, me and myself.” They do not care about the SACCOs and so they borrow from one SACCO to another, migrate to other places and at the end of the day they fail some of the SACCOs. If there is this sharing of information according to Section 54, if a member ... view
• 7 Nov 2018 in National Assembly: We also need to make our citizens understand what a SACCO is, just the way we understand what a bank is; where we deposit and withdraw money. At the moment, Kenyans do not know what the meaning of a SACCO is. Some of them think that it is an association of people during burial meetings, some boda boda riders meet around a corner and have a SACCO. So, there is need to differentiate between those SACCOs that are not economically viable and those that are cooperative and should be controlled by the cooperative societies. view
• 7 Nov 2018 in National Assembly: We also need to control the qualifications of these people. This is because if we are talking of Kshs1 trillion being managed by unqualified people and directors who became so courtesy of depositing a lot of money, we may not even know the source of this money. Some of them were drug peddlers. Some of them have been chased from Somalia for having been involved in terrorist activities. They come with a lot of money, deposit it and become directors with no financial backgrounds. I can assure you that that SACCO will not only fail but may get into a ... view
• 7 Nov 2018 in National Assembly: Thank God that Hon. Kanini Kega is still here to listen to this. We need the Government to come in. We have a lot of funds in our Government that are directed to economically empowering a section of a society that it thought to be weaker members of our society. Money in National Council for Persons with Disabilities (NCPWD), Women Fund, Uwezo Fund and Youth Empowerment Fund, can be borrowed and if they can channel their funds through these SACCOs then we will have an economic powerhouse in SACCOs. view
• 7 Nov 2018 in National Assembly: Hon. Milemba had talked of the Mwalimu SACCO. Through it, small towns and centres have developed. They get to a place and buy several acres in lump sum, subdivide them among the members and construct houses. If I can give an example, where I come from, there was a place that was full of elephants and they bought it. It is now a very big estate called Mwamba with economic value to the people of Narok. This has happened in several towns and cities because of the Mwalimu SACCO and so they are economically viable. They employ a large section ... view
• 7 Nov 2018 in National Assembly: Hon. Temporary Deputy Speaker, I rise to reply. I thank all the Hon. Members that have truly participated in this important Motion this afternoon – most importantly by giving the necessary support required to make sure we improve on the societies across the country. Surely, by passing this amendment, we are becoming clearer about the roles of these SACCOs. If it is a deposit-taking SACCO, it has to be named as such. 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. view
• 7 Nov 2018 in National Assembly: More importantly is issues of governance. We are looking at how to ensure that the leadership in SACCOs is vetted in a good way. You find a director goes to a particular SACCO, brings it down, is elected in another SACCO, brings it down and there is all these trail of destruction. This is because he or she has a lot of money so they keep getting elected. I am happy that there is vetting of the leadership that we put in these SACCOs even in terms of educational qualification because that also becomes a big hindrance on how these ... view
• 7 Nov 2018 in National Assembly: Hon. Temporary Deputy Speaker, I wish to rise under Standing Order No. 53(3) that you may defer the putting of the Question on this particular Motion until the next appropriate sitting so that we have enough membership to support it. view
• 7 Nov 2018 in National Assembly: Hon. Temporary Deputy Speaker, I request that we defer this Order until the next available sitting. view
• 7 Nov 2018 in National Assembly: I further request that this particular Order be deferred until the next available sitting. 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. view