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{
    "id": 846681,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846681/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "of the borrowers. Some of us have been agitating for the removal of the lower capping. I am glad because some of the amendments that have been proposed to come at the Committee of the whole House have taken care of that. If we remove that, we will operate from zero or negative because you can also envisage a situation where banks will charge you to keep their money which is a negative interest. There is a lot of leeway, in terms of how much spread the banks have. There is no excuse to say that they cannot price the risks properly and not allow for example, Hon. Mbadi who is an outstanding accountant to borrow at 10 per cent while Hon. Junet borrows at 13 per cent. It is not a bad risk. Given any two people, they should differentiate between a good credit risk and the other one. I want to support that. We should leave that and see whether there will be growth in the sector."
}