Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 644506,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644506/?format=api",
    "text_counter": 74,
    "type": "speech",
    "speaker_name": "Hon. Murungi",
    "speaker_title": "",
    "speaker": {
        "id": 2802,
        "legal_name": "Kathuri Murungi",
        "slug": "kathuri-murungi"
    },
    "content": "Thank you, Hon. Deputy Speaker, for this opportunity to also give my input to this Bill. First, I want to thank my colleague and friend, Hon. Jude Njomo for his effort. Kenyans have experienced a lot of problems with the banking sector and with this amendment we will see the light of day. We now have an opportunity to regulate banks. Commercial banks, of late, charge customers very high interest rates. This Bill which seeks to curb ceilings on lending is the best present ever for people in business. If today you borrow some money from a commercial bank to start a business, you will find that the interest rate you are supposed to pay is too high. How high will your profit margin be so that you can repay the loan and make some profit? That is why many business people taking bank loans at the moment are already enlisted with the CRB because they are unable to repay these loans. We are headed in the wrong direction and this is the best time to control the interest rates charged by banks. 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."
}