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{
    "id": 844854,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844854/?format=api",
    "text_counter": 261,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairman. I persuade Hon. Jude Njomo that I completely understand him. I think this is a concern that we have as a country. Immediately we passed the amendment to the Banking Act which we must thank Hon. Njomo for, there are some Kenyans who have forgotten that the interests rates cap was his Bill which became an Act of Parliament. I understand the frustrations that SMEs are going through, but I think we need to bring a stand-alone amendment that we can debate properly. Probably, the solution is not on prescribing the percentage or the amounts to be allocated to SMEs. The solution could be a re-think as a country on our borrowing from banks by the Government because that is where the problem is. The problem is that banks have alternative people to lend to and this alternative is the Government."
}