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{
    "id": 40840,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/40840/?format=api",
    "text_counter": 329,
    "type": "speech",
    "speaker_name": "Mr. Muthama",
    "speaker_title": "",
    "speaker": {
        "id": 96,
        "legal_name": "Johnson Nduya Muthama",
        "slug": "johnson-muthama"
    },
    "content": "Madam Temporary Deputy Speaker, another issue is also when money is borrowed and interest is charged at a level which is over and above even the principal amount borrowed. There is a law which was introduced in this House, and it is very clear that any borrowed money, its interest amount should not exceed the principal amount borrowed. That has now been put into practice. As a leader, I have seen people coming to my office who have borrowed Kshs100,000 and the amount demanded by the bank at that particular time is over and above the borrowed principal amount. They do not put into consideration even the amounts that have been paid for a certain period of time. That has made running business by Africans extremely difficult. It is only such a law that can be used to protect indigenous Kenyans."
}