{"id":1507122,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1507122/?format=json","text_counter":170,"type":"speech","speaker_name":"Sen. Olekina","speaker_title":"","speaker":{"id":407,"legal_name":"Ledama Olekina","slug":"ledama-olekina"},"content":"We need to put some discipline and allow this country to develop. We should encourage the youth to start businesses. However, if a youth wants to open a business, he goes to a bank and asks for a loan and they are given at an interest rate of 20 per cent, by the time they are repaying that loan whose interest is on a reducing balance, it will have gone up to almost 36 or 40 per cent. We need to have control. We need to find a way of encouraging financial institutions to do clean businesses."}