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{
    "id": 327055,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327055/?format=api",
    "text_counter": 793,
    "type": "speech",
    "speaker_name": "Mrs. Kilimo",
    "speaker_title": "The Assistant Minister for Co-operative Development and Marketing",
    "speaker": {
        "id": 173,
        "legal_name": "Linah Jebii Kilimo",
        "slug": "linah-kilimo"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, from the ongoing debate, it seems that hon. Kimunya does not support the spirit of “Buy Kenya, Build Kenya”. I imagine what savings and credit co-operative societies (Saccos) go through. They borrow money from, for instance, Co-operative Bank of Kenya at 11 per cent. Later on, the interest rate on those funds is increased to over 24 per cent, and the Saccos have to re-pay yet the money is not with the Saccos. It has already been lent out to members, who have bought fixed assets with it. By supporting other banks, are we interested in the welfare of the majority of poor Kenyans or are we protecting other investors who already have enough money?"
}