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{
    "id": 1368374,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1368374/?format=api",
    "text_counter": 282,
    "type": "speech",
    "speaker_name": "Sen. Wamatinga",
    "speaker_title": "",
    "speaker": {
        "id": 13582,
        "legal_name": "Wahome Wamatinga",
        "slug": "wahome-wamatinga"
    },
    "content": "loans and are unable to get out. Every day they get deeper and deeper into debts. That is one of the explanations why mental health issues among the young people are increasing. Additionally, that is why the rate of suicide and family breakups are increasing. We, as a Government and leadership, have not put in place the right procedures, legal framework and policy framework to ensure that those young people who do not have the business experience, but have the acumen to dare take the risk are protected from the exploitive banking sector, which every day wakes up only to issue money, which charges as much as five per cent per month. There is no business that can make up to 300 to 400 per cent profit in one year. However, we let them charge the same and expecting that these young people to pay. We keep telling them and promising that this country belongs to them yet we deny them the opportunity to build their tomorrow. It is the high time now that we come with the policies and put the legal framework in place. We should urge the National Treasury and the Ministry of Finance to come up with procedures, policies and framework, that will ensure that young enterprising people can take the risk without ruining their life. Mr. Temporary Speaker, Sir, with that, I beg to move and request Sen. Orwoba to second. I thank you."
}