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"id": 632441,
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"type": "speech",
"speaker_name": "Hon. Gikaria",
"speaker_title": "",
"speaker": {
"id": 2489,
"legal_name": "David Gikaria",
"slug": "david-gikaria"
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"content": "is going to stop borrowing from local banks so that money can be available to local citizens for them to do business but unfortunately, most of the time it does not happen for one reason or the other. The amendment of the Act it will go a long way in assisting Kenyans. I remember one day within the constituency when we were campaigning, I found four gentlemen who were seated in a hotel and I paid their Bill. I was going to see some women group who had gathered to do a small fund raiser only for us to realise when I went to the women that those four gentlemen and a lady were waiting to be paid some money. This woman had only borrowed Kshs30,000 and they were charging over Kshs700,000. They were contributing money to go and pay that loan. How I wish that I had not bought that lunch. It was so painful to see this woman who had given her title deed to a small plot as collateral. She had only a week to clear otherwise they were going to sell it. As it has been said earlier, banks have been making huge profits at the expense of"
}