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{
    "id": 846682,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846682/?format=api",
    "text_counter": 209,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "There is one thing which I would like some studies to be done on it. People think that the shrinking of credit in the Small and Medium-Sized Enterprises (SMEs) is because of the capping of the interest rates. The SMEs fear to go to the banks because you can only borrow money when you have something to do with it that will give you a return which is higher than what you are paying. Most of them are suffering because of the money which they borrowed. You have seen all these young chaps who took the Youth Enterprise Development Fund and then supplied goods to the county governments. They were not paid and banks are foreclosing on them. The shrinking of credit is not necessarily because of the capping of the interest rates. There are so many other micro economic variables that may come into play."
}