1 Nov 2023 in Senate:
THAT AWARE THAT, the high unemployment rate in Kenya has pushed many Kenyans to seek loans from Saccos, Microfinance institutions and banks to start Small and Medium Enterprises (SMEs) to sustain their livelihoods;
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1 Nov 2023 in Senate:
NOTING THAT, the youth, in particular, have invested in movable assets, including vehicles and motorcycles, to start businesses in the transport industry and most of them have signed up for the ride-hailing apps including but not limited to Uber, Taxify, Bolt and Little cab;
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1 Nov 2023 in Senate:
NOTING THAT, the youth, in particular, have invested in movable assets, including vehicles and motorcycles, to start businesses in the transport industry and most of them have signed up for the ride-hailing apps including but not limited to Uber, Taxify, Bolt and Little cab;
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1 Nov 2023 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
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1 Nov 2023 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
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1 Nov 2023 in Senate:
COGNIZANT THAT, the Banking Act 2015 CAP 488 does not provide for renegotiation on the loan repayment agreement whenever the business environment becomes unfavourable as a result of the high cost of living, lowered earnings from the App providers and high-interest rates;
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1 Nov 2023 in Senate:
COGNIZANT THAT, the Banking Act 2015 CAP 488 does not provide for renegotiation on the loan repayment agreement whenever the business environment becomes unfavourable as a result of the high cost of living, lowered earnings from the App providers and high-interest rates;
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1 Nov 2023 in Senate:
NOW THEREFORE, the Senate urges the National Treasury and Economic Planning to come up with a policy framework to review the Banking Act in order to renegotiate the repayment terms of the loans and provide cushion for Kenyans with non-performing loans and prevent the loss of their movable assets.
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1 Nov 2023 in Senate:
NOW THEREFORE, the Senate urges the National Treasury and Economic Planning to come up with a policy framework to review the Banking Act in order to renegotiate the repayment terms of the loans and provide cushion for Kenyans with non-performing loans and prevent the loss of their movable assets.
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1 Nov 2023 in Senate:
Mr. Temporary Speaker, Sir, we are all aware that we have come from very hard economic times. Coming at the backdrop of the COVID-19 Pandemic has seen many Kenyans economic opportunities dwindle by the moment. We have a highly educated population which is composed of large percentage of young Kenyans who have endeavored to get jobs in vain. Therefore, being enterprising as they are, they have decided to start their own enterprises and the only option they have, because of the unfavourable conditions in the banking institutions we have in this country, is to borrow money from micro finances and ...
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