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{
    "id": 1055683,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1055683/?format=api",
    "text_counter": 241,
    "type": "speech",
    "speaker_name": "Nominated, JP",
    "speaker_title": "Hon. David ole Sankok",
    "speaker": {
        "id": 13166,
        "legal_name": "David Ole Sankok",
        "slug": "david-ole-sankok"
    },
    "content": " Thank you very much, Hon. Temporary Deputy Speaker. I did not mislead the House and I did not have water in my mouth when I said that they were fleecing innocent Kenyans. I said so, and I will repeat it. I will say it again because I know what I am talking about. I can calculate the interest being charged on every borrowing by an innocent Kenyan and it translates into a percentage that is not regulated and that is not passed by this House. I remember we made some laws to ensure that at least money lending businesses have a caveat on the amounts and the percentages they should charge. Hon. Temporary Deputy Speaker, I know that most of us have been borrowing. I have heard Members advise their friends not to send them money through certain telephone numbers because they have Fuliza . I know what I am talking about. The percentage being charged by this institution, which monopolises 70 per cent of telecommunication services in Kenya, is exorbitant. It is higher than normal. When you borrow through this mobile telephone lending service, you end up paying a cumulative of 30 per cent interest in a year. If this is what Members are calling legal business, then I will call it “legal way of conning Kenyans.” Hon. Temporary Deputy Speaker, protect me from Hon. (Ms.) Wamuchomba. I do not know why she is so much excited. I do not know why she is so much into interrupting me."
}