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{
    "id": 632482,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632482/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Hon. Mwangi",
    "speaker_title": "",
    "speaker": {
        "id": 2252,
        "legal_name": "Peter Kamande Mwangi",
        "slug": "peter-kamande-mwangi"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I take this chance to thank Hon. Jude Njomo for coming up with this Bill to control the interest rates being levied by commercial banks. Although our economy is a free market, we cannot inhibit the economy of this country from growing the way it should. More than 60 per cent of our population are youth and women. This House passed a Bill which set aside 30 per cent of all Government tenders for that group. However, youth and women cannot do any business today because they do not have capital. Once they borrow money from banks, they cannot pay because Government institutions take so long to pay suppliers such that by the end of the day, they make losses."
}