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{
    "id": 632443,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632443/?format=api",
    "text_counter": 150,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": ". Most of these people borrow money to do some small businesses. I understand that even the young people in the country who try to go to the banks to get money cannot get it because of the stringent conditions set by banks. We can now help young people to do business without necessarily having to pay dearly for what they have borrowed. What the Governor of the CBK is trying to impose has been said here and it is true. If, indeed, a Governor will go out there and start giving instructions without following due process and particularly getting some of the approvals from Parliament, he would be doing injustice to this country. Most of the people will not take their money to the bank. They will decide to keep their money. If, indeed, you are asked to go home and explain where you got your money from and they can clearly see that maybe it was a contract that you were doing and you were paid that money--- When you are going to withdraw, again, you have to explain where you are taking your money. This is an issue that needs to be looked into. Soon we will be asking the same question through the Departmental Committee on Finance, Planning and Trade. The Governor will be summoned by the Committee to explain this issue. As it has been said, sometime back there was a Bill which was supposed to curtail some issues to do with the tobacco industry. It was unfortunate that some Members of Parliament were taken to Mombasa and when they came back, they killed the Bill. This time round we, as Members of Parliament, should stand our ground and assist Kenyans. This should not be through Government manifestoes and promises that it will bring down interest rates, but by passing this Bill so that a common mwananchi can walk into a bank and get a loan with a very low interest rate. With those few remarks, I support."
}