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{
    "id": 46074,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/46074/?format=api",
    "text_counter": 190,
    "type": "speech",
    "speaker_name": "Mr. Ndambuki",
    "speaker_title": "The Assistant Minister for Agriculture",
    "speaker": {
        "id": 191,
        "legal_name": "Gideon Musyoka Ndambuki",
        "slug": "gideon-ndambuki"
    },
    "content": "(a) I am aware that in 2006, the KSB disbursed a total of Kshs500 million to the AFC to be loaned to farmers on a revolving fund basis. To date, the KSB has not released any funds to Equity Bank. However, Kshs500 million will be released by the KSB to Equity Bank for onward lending to farmers, once the ongoing contract negotiations between the two organizations are completed. (b) The KSB and the Equity Bank are finalizing negotiations over the release of Kshs500 million to the sugarcane farmers. Meanwhile, the KSB has rolled back Kshs180 million recovered from farmers, which is available now through the AFC. (c) The Ministry has no immediate plans to review the current 5 per cent interest rate on the KSB loans lent to farmers because it is the lowest offered in the market and we are convinced that it is sustainable."
}