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{
    "id": 118198,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/118198/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Mr. Samoei",
    "speaker_title": "The Minister for Agriculture",
    "speaker": {
        "id": 204,
        "legal_name": "William Samoei Ruto",
        "slug": "william-ruto"
    },
    "content": "Mr. Deputy Speaker, Sir, the post-election violence of 2007/2008 which disrupted farming activities in various parts of the country especially in the Rift Valley Province and the prolonged drought situation have seriously affected the loan payments to the AFC. The rate of delinquency has increased from an average of 30 per cent to an average of 40 per cent. In recognition of the difficult times experienced by the loanees, the corporation has come up with various measures aimed at alleviating the current loan repayment portfolio. The measures devised are not only to assist farmers to repay their loans but also to ensure that they remain in business. These measures include negotiation with farmers on mutually acceptable terms of payment, rescheduling of repayment, adjusting the repayment period and even refinancing."
}