Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 846726,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846726/?format=api",
    "text_counter": 253,
    "type": "speech",
    "speaker_name": "Kiambu, JP",
    "speaker_title": "Hon. Jude Njomo",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. First, I would like to congratulate the Finance Committee for a job well done. They have come up with a very good report. I will restrict myself to the proposal to delete the interest rate capping section of the Banking Act. If you remember very well, when this capping was done in 2016, the banks refused to come and give their views to the committee which was working on that review then. It was only after writing to them that they organised to come and give their views. They said that once the capping has been put in place, there would be shortage of credit especially to SMEs. To me, that was a threat that they made and they have actually executed it. They have made sure that small and upcoming business people and the youth who are out of college and starting employment are not able to access any credit. The main reason for them doing that is to ensure that they arm-twist the Government to, in turn, push this House to remove the caps. We should not fall into their trap. They have been complaining of reduced business and that they are not making any profit out of the business they are doing. Fortunately, two weeks ago, half-year results of several banks were released. If I The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}