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{
    "id": 935796,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/935796/?format=api",
    "text_counter": 561,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Clause 3 of the Bill proposes to delink the buyer power provisions from those of abuse of dominance by deleting Section 24(2)(A) (B) (C) and (D). The other day, I was not given a chance to contribute. The Members were talking about interest rates which are charged by banks. There is another 50 per cent of Kenyans who are victims of shylocks and digital interest rates. I will give you a good example. There is Fuliza money lending service by Safaricom. Do you know how much interest rate you pay? You just keep on fulizaring . Ask yourself the amount of interest rate you pay. There are also the shylocks. There is man who was a bishop. His case is with the Director of Criminal Investigations (DCI). He collected money from Kenyans and he disappeared. I was told that he is in real estate business. As we talk about the interest rates, we must deal with the informal interest rates that Kenyans are victims of. I am a victim of Fuliza . When somebody tells me to send him some money at 11 a.m. because there is an emergency and I do not have money, I fuliza . The more you fuliza, the more they increase the amount that you can borrow. If you fuliza a lot and you use Mpesa properly, you qualify for more money. I can fuliza up to Kshs30,000. Hon. Sankok can fuliza up to Kshs5,000. His credit rating is Kshs5,000 because he does not use a lot of money. I fuliza . I asked the other day how much extra money I pay. Kenyans have become victims of those money lenders. We must save the Small and Medium-Sized Enterprises (SMEs) who are the drivers of the economy."
}