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{
    "id": 193405,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193405/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "[Prof. Kamar]",
    "speaker_title": "",
    "speaker": {
        "id": 33,
        "legal_name": "Margaret Jepkoech Kamar",
        "slug": "margaret-kamar"
    },
    "content": "gave money to women through Equity Bank. However much Equity Bank has performed in this country, we have had problems. The money that was sent through Equity Bank--- I sent women, as the chairperson of Maendeleo ya Wanawake then--- I was surprised that they were giving out the same money at an interest rate of 24 per cent. How do you get money that is earmarked for women and sell it at commercial rates? Another institution that was given funds was the Kenya Women Finance Trust (KWFT). In the whole of the north Rift, all the way from Turkana District, the KWFT has been selling its money to the same women at an interest rate of between 18 per cent and 22 per cent. It has been sold at 22 per cent in Marakwet District, 20 per cent in Kericho District, 20 June 18, 2008 PARLIAMENTARY DEBATES 1259 per cent in Bomet District and 20 per cent in Uasin Gishu District, where I come from. What does that tell us! If we channel our monies through institutions that want profit, they will make their profits. Mr. Speaker, Sir, I would like to suggest that any funds, whether for the youth or women, should be channelled through the Constituencies Development Fund (CDF). The impact of the CDF within the last five years can be seen and accounted for."
}