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{
    "id": 644486,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644486/?format=api",
    "text_counter": 54,
    "type": "speech",
    "speaker_name": "Hon. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 3036,
        "legal_name": "Timothy Wanyonyi Wetangula",
        "slug": "timothy-wanyonyi-wetangula"
    },
    "content": "It is high time that financial institutions are regulated. When somebody is engaged in business or wants to make an investment and applies for a loan, the same rate he got at the time of borrowing should apply until the loan is repaid. So, this Bill is very important. If rates are fixed and applied as per the law, I am sure it will save many Kenyans who want to do business. Mostly, they are stranded because they cannot access cheap credit facilities. It is high time the Government came in to provide control over rogue banks. Banks are making abnormal profits. Many times you see banks returning profits. I have never heard of a bank making loses. Every time they return abnormal profits and yet our economy is struggling."
}