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"id": 267429,
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"type": "speech",
"speaker_name": "Mr. Keynan",
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"speaker": {
"id": 41,
"legal_name": "Adan Wehliye Keynan",
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"content": "Madam Temporary Deputy Speaker, it is because of this that today many home owners are on the brink of losing their mortgages. Many farmers, in particular of tea and coffee, who are the backbone of the economy of this nation, and who have borrowed loans through their co- operative societies at the rate of 8 per cent are today expected to service the same loans at an interest rate of 30 per cent. Their earnings have not changed. Their income has not changed but the interest rates of the loans have changed from 8 per cent to 32 per cent. That is four times. If somebody was paying Kshs60,000 then now he has to pay Kshs240,000."
}