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{
    "id": 1196671,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1196671/?format=api",
    "text_counter": 47,
    "type": "speech",
    "speaker_name": "Sen. Oketch Gicheru",
    "speaker_title": "",
    "speaker": null,
    "content": "(1) Bring into regulation all asset-based micro lending companies placing a ceiling on the interest rates chargeable to their loans. (2) Extend the application of the in-duplum rule in limiting the amount of interest recoverable on defaulted loans by micro lending companies. (3) Capacity build before the end of the law term. Having the lenders capacity built the borrowers. In view of the severity of this matter, I humbly request that you refer this Statement to the Standing Committee on Finance and Budget for further inquiry and recommendations pursuant to Standing Order No.52(3) I thank you, Mr. Deputy Speaker, Sir."
}