Wakapee: Juja MP who became cancer fighter
Friday February 26 2021
By JAMES KARIUKI
Summary
Juja MP Francis Waititu who died on Monday nearly revolutionised the loans market by moving a Bill to shield guarantors from automatic seizure of their assets when principals default on repayments.
The Law of Contracts Amendment Bill, 2019, sailed through Parliament and got unanimous support from Kenyans when it went for public participation.
Co-operative societies and lenders cried foul, saying it would make it difficult to disburse loans as guarantors would have no role to play in the credit market.
Juja MP Francis Waititu who died on Monday nearly revolutionised the loans market by moving a Bill to shield guarantors from automatic seizure of their assets when principals default on repayments.