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{
    "id": 403694,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/403694/?format=api",
    "text_counter": 105,
    "type": "speech",
    "speaker_name": "Sen. Keter",
    "speaker_title": "",
    "speaker": {
        "id": 169,
        "legal_name": "Charles Cheruiyot Keter",
        "slug": "charles-keter"
    },
    "content": "Thank you, Mr. Temporary Speaker, Sir, for giving me this opportunity to support this Motion. From the outset, I wish to join my colleagues who have already contributed towards this Motion. I have heard people talk about the AFC so much. The speaker who was here, the Senator from Trans Nzoia, Sen. Kittony, said that the AFC is a home breaker, which I want to correct by saying that it is not the AFC; it is the repayment of the loan which is causing problems. This is because the AFC requested for Kshs1.3 billion in the current budget, out of which, they were given nothing. Therefore, as a State corporation, they have obligations. So, if they have given out loans at the rate of 10 per cent, they have to collect that 10 per cent so that they can also give it to other people. I remember I asked for a loan from the AFC, but they could not afford to give me the loan because their liquidity is not stable. Hence, it does not mean that they are not doing their work. They are doing their work. The Motion is requesting the interest rates to be reduced from 10 per cent to 3 per cent so that we give room to farmers to pay. If you look at the import of the Motion, you will see that there is no room for farmers to pay. The rate of 10 per cent is causing problems in our respective homes. If this is reduced from 10 per to 3 per cent, the interest will still remain high because there are natural calamities that may affect our farmers. At times, flooding, weather The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate"
}