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{
    "id": 904294,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/904294/?format=api",
    "text_counter": 33,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Milgo",
    "speaker_title": "",
    "speaker": {
        "id": 13174,
        "legal_name": "Milgo Alice Chepkorir",
        "slug": "milgo-alice-chepkorir"
    },
    "content": "Thank you, Mr. Speaker, Sir. I rise, pursuant to Standing Order 47(1), to make a Statement on a matter of general topical concern. The mobile phone-based lending platforms have taken the Kenyan lending space left by traditional banking since the law capping interest rates was introduced. Instead of the proliferation of digital loan platforms improving lives, many Kenyans have become prisoners of these systems. The rise of the digital credit market has raised concerns about the risk of excessive borrowing and over-indebtedness among---"
}