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{
    "id": 490896,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/490896/?format=api",
    "text_counter": 20,
    "type": "speech",
    "speaker_name": "Sen. Kembi-Gitura",
    "speaker_title": "",
    "speaker": {
        "id": 242,
        "legal_name": "James Kembi Gitura",
        "slug": "kembi-gitura"
    },
    "content": "Mr. Speaker, Sir, in fairness, it will be good to indulge the Committee so that they can get a full answer. One of the reasons I had raised this issue of escalating rates of interests is because you have heard Sen. Obure, Sen. (Prof.) Lesan, Sen. Okong’o and myself asking about the drop in the payment of tea. If you think about the increasing rates of interest and the falling payments from tea and these people are deducted money from the source, you find that a lot of Kenyans will go bankrupt this season because of the non-payment of the bonuses they were expecting, banks will deduct their money from source and children will not go to school. The issue of rising interest rates is a matter of national importance. Coupled with other economic factors in our country, you find that the impact is so big. We do not know when this will end. The reason I indulge my colleague is so that they should be given the opportunity to get to the bottom of the matter, understand the escalating interest rates and the impact they have on the economy particularly in the counties."
}