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{
    "id": 1146489,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1146489/?format=api",
    "text_counter": 96,
    "type": "speech",
    "speaker_name": "Sen. Kinyua",
    "speaker_title": "",
    "speaker": {
        "id": 13202,
        "legal_name": "John Kinyua Nderitu",
        "slug": "john-kinyua-nderitu-2"
    },
    "content": "Mr. Speaker, Sir, I rise pursuant to Standing Order 48(1) to seek a Statement from the Standing Committee on Finance and Budget regarding the regulation of digital credit providers in the country. In the Statement, the Committee should: (1) State the number of digital credit providers operating in the country, stating the terms and conditions of credits they offer. (2) State measures, if any, to protect households and MSEs from predatory lending by digital credit providers outlining targeted interventions against fraudulent transfer of property resulting from defaulting on these loans. (3) Examine the effective and enforceability of the recently enacted Digital Credit Providers Regulations 2022, which seeks to curb dishonest players and not to protect customers. (4) State the measures put in place by the Central Bank of Kenya (CBK) to mitigate financial risks exposure due to the rise in digital credit borrowing. I thank you, Mr. Speaker, Sir."
}