Entry Instance

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

{
    "id": 846832,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846832/?format=api",
    "text_counter": 359,
    "type": "speech",
    "speaker_name": "Nyaribari Chache, JP",
    "speaker_title": "Hon. Richard Tong’i",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": " Hon. Temporary Deputy Speaker, if you look at the interest rates, we cannot have it both ways. We are controlling the upper and the lower ceiling. The capping of bank interest rates was to protect the naive and ignorant borrowers, but it is hurting the economy more than it is helping. The numbers of shylocks in the country today are more because we have closed the window for SMEs to borrow money from banks. My proposal on this is that we have to maintain the upper ceiling and remove the lower ceiling, so that banks can have a leeway to play around with the risk management of banks. As a banker, I will tell you that banks are constrained. We cannot control it that way because we are hurting the people instead of achieving the intention we had of serving Kenyans."
}