{"id":1358510,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1358510/?format=json","text_counter":300,"type":"speech","speaker_name":"Sen. Sifuna","speaker_title":"","speaker":{"id":13599,"legal_name":"Sifuna Edwin Watenya","slug":"sifuna-edwin-watenya"},"content":"Thank you, Mr. Speaker, Sir. The question of the default rate is a question of mathematics and your capacity to comprehend maths. Kshs10.2 billion outstanding as loans and Kshs3 billion out of that, which is almost 30 per cent, is listed as non-performing loans. You do not need to be a genius to know what non-performing loans mean. You take that figure of 30 per cent and compare it with the figure of the default in commercial banks. You will see which one has a higher default rate and I will provide that evidence tomorrow of what the current default rate for commercial loans is vis-à-vis the default rate for---"}