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{
    "id": 1284252,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1284252/?format=api",
    "text_counter": 164,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
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    "content": "COGNIZANT THAT the Banking Act 2015 CAP 488 does not provide for renegotiation on the loan repayment agreement whenever the business environment becomes unfavorable as a result of the high cost of living, lowered earnings from the App providers and high interest rates; NOW THEREFORE the Senate urges the National Treasury and Economic Planning to come up with a policy framework to review the Banking Act in order to renegotiate the repayment terms of the loans and provide cushion for Kenyans with non-performing loans and prevent the loss of their movable assets."
}