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{
    "id": 844865,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844865/?format=api",
    "text_counter": 272,
    "type": "speech",
    "speaker_name": "Suba North, ODM",
    "speaker_title": "Hon. (Ms.) Odhiambo-Mabona",
    "speaker": {
        "id": 376,
        "legal_name": "Millie Grace Akoth Odhiambo Mabona",
        "slug": "millie-odhiambo-mabona"
    },
    "content": " Thank you. I thank Hon. Jude Njomo for bringing this amendment. The SMEs are what runs this country. Even if you walk on the streets of this country, all the people that are being chased are SMEs. Since we have the capping on the interest rates, what the banks have done is to try to manipulate Parliament to remove the capping by introducing stringent conditions for them to get loans. I know Hon. Mbadi, being a person from a financial background, would want to think about not regulating or over-regulating. But we must also have a human face. First and foremost, we represent people. So, I fully support this proposal. If the banks find ways of dealing with the mischief we are curing, we will repeal this provision. For now, it is in our interest as legislators to defend the small and medium enterprises that are no longer getting business. Those enterprises should be helping young people in terms of employment. I support."
}