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{
    "id": 914930,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/914930/?format=api",
    "text_counter": 165,
    "type": "speech",
    "speaker_name": "Kangundo, Muungano",
    "speaker_title": "Hon. Fabian Muli",
    "speaker": {
        "id": 13360,
        "legal_name": "Fabian Kyule Muli",
        "slug": "fabian-kyule-muli-2"
    },
    "content": "It has now gone to an extent where financial institutions are misusing this opportunity. The witness has now been forced to do the duties of the principal who was given the money. In the phenomena of maximisation and the exploitation of the principal, that is the person who has been given the loan. But the financial institutions are using closely related principals who can pay for the loan. That is why we said that this legislative proposal has come at the right time. All the institutions which are giving money should exploit all avenues before they think of a witness or guarantors."
}