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{
    "id": 401530,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/401530/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Sen. Muthama",
    "speaker_title": "",
    "speaker": {
        "id": 96,
        "legal_name": "Johnson Nduya Muthama",
        "slug": "johnson-muthama"
    },
    "content": "Madam Temporary Speaker, Sir, I stand to support this Motion. Before I do so, I wish to propose an amendment. Madam Temporary Speaker, I beg to move that the Motion be amended as follows:- THAT, the Motion be amended by inserting the word “preface” between the words “on” and “the loan” appearing in the sixth line. Mr. Speaker, Sir, this small amendment is just meant to make sure that those who are given the money should not just think that it is free. At the end, the Motion says “abolish the penalties imposed on loan defaulters.” This is random and is not clear where the penalties should be abolished. By inserting the changes, it gives a clear way that applies to those who have been given loans with high interest rate of 10 per cent. This would protect those who received loans before and those who will be receiving loans at an interest rate of 3 per cent. This is to protect farmers so that we do not end up where we are. Kenya is a unique country. This is a country where banks declare their profits in billions in the first six months of a financial year. In other countries starting with the United States of America (USA) or Geneva, the profits of banks are minimal. So, to protect farmers, we need to go that way. I support this Motion and move the amendment. I want to ask Sen. Mositet to second."
}