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{
    "id": 632395,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632395/?format=api",
    "text_counter": 102,
    "type": "speech",
    "speaker_name": "Hon. ole Lemein",
    "speaker_title": "",
    "speaker": {
        "id": 2531,
        "legal_name": "Korei Ole Lemein",
        "slug": "korei-ole-lemein"
    },
    "content": "This is the time that as a House we should cap the interest rate so that we save Kenyans. The ordinary Kenyan has suffered. So many people are suffering because they are unable to pay their loans and the banks are auctioning their property. These people are miserable. These people are looking up to this House to save them. I also want to comment on the issue of the maximum amount one can transact. Why would you tell a pastoralist, who does not know how to read and write, to declare why he is depositing Kshs1 million or Kshs2 million in a bank? Why would you frustrate that person if he has sold his livestock and wants to deposit that money in his account? The moment CBK insists on that, then a majority of Kenyans will go back to what the Indians used to do in the 19th Century; that is maintaining mattress accounts. This will deeply hurt the economy of this country. It is good to fast-track this Bill so that we save the people of Kenya. Hon. Temporary Deputy Speaker, I support."
}