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{
    "id": 1095804,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1095804/?format=api",
    "text_counter": 316,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM-K",
    "speaker_title": "Hon. Makali Mulu",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "Another point that is critical and will need some finance expert to think through is the issue of interest. To some extent, we can predict the interest rates in this country using the Central Bank of Kenya. This is a sector which is not controlled. Most of the consumers are charged prohibitive interest rates. As we look at this Bill, there is need for Members to think seriously how we can make sure that the interest rates that consumers are charged do not expose them to poverty. Many people are suffering. I like the Hon. Member who said that you may want to send money to somebody. They call telling you that they have a burial and plead for help but when you want to send money, they tell you not to send to the number they have used to call you; they give you another number to send to. You see the inconvenience because at times you want to copy the number. When they start dictating to you another number, by the time you send the money to the number given, you find that you have sent to the wrong person, then you start going back to Safaricom to request for the money to be returned to you. This inconvenience is because of the uncontrolled digital credit providers market."
}