Entry Instance

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{
    "id": 632494,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632494/?format=api",
    "text_counter": 201,
    "type": "speech",
    "speaker_name": "Hon. Kubai Iringo",
    "speaker_title": "",
    "speaker": {
        "id": 1574,
        "legal_name": "Cyprian Kubai Iringo",
        "slug": "cyprian-kubai-iringo"
    },
    "content": "how they come about. So, they need to disclose all the charges and put it in a language that is understandable to all borrowers. Our banks think that they are making money, but they are chasing away investors from this country. Many people are shy to borrow because they do not know how they are going to repay the loans. Some people have been paying loans for the last 20 years and they might never finish them because of high interest rates. At the end of the day, the principal amount remains stagnant until it becomes a court case. People’s properties are sold. Some die of high blood pressure or other ailments because of the strain on their businesses or families. High interest rates have brought about the mushrooming of shylocks and pyramid schemes that exploit our people because banks have become too hot to approach. The people go for the softer ones and end up being defrauded."
}