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{
    "id": 76375,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/76375/?format=api",
    "text_counter": 96,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "taken directly to the millers, they end up charging interest to the farmers who partake of that money at a rate of 18 to 24 per cent. The KSB negotiated for a facility with the Equity Bank. The bank accepted to on-lend this money to farmers at an interest rate of 5 per cent. The KSB wrote to the Ministry of Agriculture and the Office of the Deputy Prime Minister and Ministry of Finance to give consent, so that money from the KSB could go directly to Equity Bank for on-lending to farmers and not millers. The Office of the Deputy Prime Minister and Ministry of Finance and the Ministry of Agriculture have refused to the extent that today, Kshs500 million, meant to help farmers of Mumias, Nzoia, West Kenya and Butari factories has not been accessed. When will the Assistant Minister give the consent, so that the money goes directly to Equity Bank for onward lending to the farmers who would access it at an interest rate of 5 per cent rather than 18 to 24 per cent, which is charged by those millers who are ripping off our farmers?"
}