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{
    "id": 1368408,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1368408/?format=api",
    "text_counter": 316,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "I will ensure next time you are invited so that--- I am told Sen. (Dr.) Oburu, King Charles III and Queen Camilla know each other. In Siaya, Vihiga and Nyeri counties, most young peoples’ motorbikes are being repossessed. It pains me to explain this. Sen. Osotsi has put it very well. These people time when you have one to two months before you clear. Mr. Temporary Speaker, Sir, ordinarily, a new motorbike should not go beyond Kshs80,000. Can you believe that through Watu Credit, Platnum Credit and other credit societies, you will end up paying almost Kshs300,000 for a motorbike you can buy at Kshs80,000 in cash? Mr. Temporary Speaker, Sir, this is pure rip off. How can you pay more than 200 per cent in interest? What explain do we have for that? What kind of economy do we have in this country? What are we supposed to be doing? These boda bodas depend on Kshs50, Kshs100 or Kshs200. The microfinance credit like Kenya Women Finance Trust, Watu Credit, Platinum Credit and other credits are well-organized criminal enterprise. I do not fear to say that. They work in cohorts with some rogue police officers, Officers Commanding Station (OCSs) and Officer Commanding Police Division (OCPD). The National Police Commissioner (NPC) must be aware of this. Mr. Temporary Speaker, Sir, it is good that you sit in the Committee on National Security and Foreign Relations of the Senate. You must assist us in making a follow up. There are certain OCSs and OCPDs who work in cohorts with these microfinances in repossessing motorbikes and resell. In fact, when they repossess, they do not ask you to pay. They dismantle the bodabodas into spare parts and sell them yet the young man or woman has paid for nine months out of the ten months. We must protect Kenyans from the ruthlessness that we see."
}