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{
    "id": 632445,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632445/?format=api",
    "text_counter": 152,
    "type": "speech",
    "speaker_name": "Hon. Manoti",
    "speaker_title": "",
    "speaker": {
        "id": 1226,
        "legal_name": "Stephen Kengere Manoti",
        "slug": "stephen-kengere-manoti"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker for the opportunity to contribute to this very important Bill. From the start, I support it because it touches on the common man who wants to grow. I also thank the Mover of this Bill for bringing it to this House at the right time. Commercial banks have declared economic war against the citizens of Kenya. The base lending rate which has been given by the CBK is 8 per cent. These banks have gone ahead to charge as high as 24 per cent. At times, you find commercial bank officials going round persuading people to take loans from banks. They cheat their customers that they will give loans at low interest rates of 12 per cent. Within a short time, in most cases, they triple the interest rates. This has become very difficult for any business entity to service these loans. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}