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{
    "id": 659355,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/659355/?format=api",
    "text_counter": 267,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. Looking at the terms of the loan, I would say it is unparalleled. We should also check the capacity of the borrowing entity to repay the loan so that we do not borrow a loan which ends up being paid by the national Government. Looking at the financials in terms of the capacity, the 2015/2016 Financial Year Report of the KPA shows that their total revenue was Kshs39 billion, gross profit was Kshs9.8 billion, retained earnings after they paid a dividend of Kshs441 million to the Government of Kenya was Kshs5.4 billion. We also inquired about the annual repayment and we were told it will be slightly above Kshs20 million per year. When you look at Kshs20 million versus what is being generated annually, we can confidently say that there is a capacity to repay. On that score, I would say it is still a better deal."
}