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"id": 1180528,
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"type": "speech",
"speaker_name": "Kesses, UDA",
"speaker_title": "Hon. Julius Rutto",
"speaker": null,
"content": "Thank you very much. As much as we desire to keep appropriating funds to this particular Fund, it will reach a time when there will be other goals or priorities that will need to be looked at. For the purpose of this Fund to grow and be stable, we have to ensure that the borrowers of these funds bring it back, including accrued interest. At the end of the day, these funds are borrowed to grow or advance the business and increase the profit. The borrowing practice of SMEs is not annual but on daily basis or largely weekly basis. If you appropriate 8 per cent profit, it will come down to a small percentage that is incomparable to the 10 per cent they pay daily."
}