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"id": 1180492,
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"type": "speech",
"speaker_name": "Nominated, ODM",
"speaker_title": "Hon. John Mbadi",
"speaker": null,
"content": "Hon. Temporary Speaker, I have not borrowed from Fuliza, but from what I hear, 7.5 per cent is automatically deducted. In this Financial Inclusion Fund, if you borrow money, five per cent is deducted. Those are similar characteristics. The only difference is that one deducts 7.5 per cent interest and the other five per cent. The Financial Inclusion Fund charges an 8 per cent interest rate while the percentage is higher for Fuliza, but you are still charged. You also receive Fuliza funds via the phone. So, what is the difference between this Fund and Fuliza ? Nothing. I said before the Leader of the Majority Party walked in that the moment your people borrow this money, they will fail to pay and they will come to you to help them pay. Hon. Temporary Speaker, I urge this House…."
}