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{
    "id": 644520,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644520/?format=api",
    "text_counter": 88,
    "type": "speech",
    "speaker_name": "Hon. Njuki",
    "speaker_title": "",
    "speaker": {
        "id": 1372,
        "legal_name": "Onesmus Muthomi Njuki",
        "slug": "onesmus-muthomi-njuki"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker for the opportunity to contribute to this Bill. From the outset, I want to support the Bill. Based on history, bankers, whether by profession, acquisition or extension, may not support this Bill because this is a cash cow for Kenyans. There are two types of people who normally visit banks, namely, those who take money and those who go to get that money out of the bank. The majority are the poor people who take their money for safe custody or savings with the hope of getting an interest rate that can multiply their money which is usually not the case in Kenya. The disparity between the interest you get on your savings and the interest rate charged on borrowed are way apart. I have never known of a business where you get 1000 per cent profit at the expense of the customer who enables you to do that.This only happens here in Kenya. We know that banking is a business and the laws of demand and supply are supposed to prevail. In this particular case, this does not happen because there are various essential commodities. People need to borrow money to develop themselves."
}