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{
    "id": 1095456,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1095456/?format=api",
    "text_counter": 315,
    "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": "Money is hanging up there and the only cure is the bottom-up economy. When we leave the bottom of the pyramid with no money, we create an appetite for borrowing. But in the bottom- up kind of economic model, we will make laws, policies and put our finances at the bottom of the pyramid in SMEs, mama mboga s and boda boda riders. I am sure corrupt individual will not corrupt kiosks or access boda boda riders’ money. Then the people at the bottom of the pyramid will have money and this will reduce the appetite for borrowing. This has made our youth to borrow and they are in a vicious cycle of poverty courtesy of the digital lenders. I support the Bill and urge Members of this House to join us, the Departmental Committee on Finance and National Planning, and the late Hon. Oroo Oyioka, in supporting and ensuring that his dream comes true in terms of controlling the digital lenders."
}