Entry Instance

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

{
    "id": 721693,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/721693/?format=api",
    "text_counter": 321,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "I support this Bill because it is very timely and will allow many Kenyans to access credit. Also the other issues which have been raised on other financial institutions charging interest much higher than what has been capped by this House is illegal. I want to support Hon. Jakoyo that a class suit was instituted against many of these financial institutions. In fact, I have been looking for people who are willing to go to court and I will support them especially regarding microfinance institutions, banks and SACCOs. Many of them assume that they are not under the ambit of the Capping Bill which was very particular. They think it was meant for banks alone and not any other financial institutions. Therefore, the Central Bank of Kenya (CBK) has obligation to make sure that every service provider who is in the financial services sector offering money on loan to Kenyans is regulated. Otherwise, Kenyans will continue suffering and we will find a situation whereby banks will move from the core business of banking to form microfinance institutions where they can lend without any regulations."
}