{"id":1284252,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1284252/?format=json","text_counter":164,"type":"other","speaker_name":"","speaker_title":"","speaker":null,"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."}