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{
    "id": 1357255,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1357255/?format=api",
    "text_counter": 281,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "citizens to take that money and not pay. We - as Members of Parliament - when we take our 3 per cent mortgage, we make sure that we repay so that we are able to borrow again. Such bad examples from leaders and speeches have inspired many young people to be misled. I celebrate the fact that I am have seen further down the President’s Speech that an amnesty is being extended to many of these young people. We have cited examples of people from across the country, for instance, from the coast to north eastern and to the western part of the country, who have borrowed in excess of 1,000 times. They have saved many times and are now able to transact and do business courtesy of this revolutionary product. I urge and insist on the President to continue investing in that particular product and even double the amount which ordinary citizens can borrow. I am aware because I represent the Government side in this House, that on the 30th of this month, such a product is going to be launched. To the ordinary people that are continuing to borrow and partaking of this particular product, their life is increasingly getting better. Mr. Speaker, Sir, at the default rate of 73 per cent for a GOK product, is extremely successful. People need to compare what are the default rates of other Government and economic stimulus programmes that have been ran before. People used to take money and disappear, but at least on this particular product, it is at a 73 per cent. I know it is going to increase and it will get better because there are people who disappeared with Kshs500. Nonetheless, at the end of this month, when they see what is going to happen to those that have been diligent, that have borrowed and repaid and vice versa, many of them are going to be diligent enough and return to this product. Mr. Speaker, Sir, one of our campaign promises, which the President spoke very prominently about in that Speech was the fertilizer subsidy programme. Therefore, because of that specific intervention, we have added more than 200, 000 bags of maize into the economy. It is an irrefutable fact that today if you walk into any supermarket in this country, you will buy a packet of unga anywhere between Kshs145 to Kshs180. The obtaining price at the time this administration came into office was in excess of Kshs200 and that is what we are speaking about. We are bringing down the cost of living in a way that ordinary citizens are able to see. We are subsidizing production, as opposed to the lopsided economy that was being ran by the cartels who were in charge previously. Subsidization of consumption only benefited the millers and the big boys of this town who were running big corporations and big farms. Mr. Speaker, Sir, the person that we have subsidized and made sure that they are able to produce cheaply and competitively is the farmer of the republic of Kenya. If you go across this Republic from every corner, they have been recipients of this particular programme. I am aware that even as we go into this financial year, that programme shall be made better. Part of the reason I celebrate this programme is that, I know before the"
}