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{
    "id": 952250,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/952250/?format=api",
    "text_counter": 566,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": " Hon. Temporary Deputy Chairman, as a country and House, we should not be very populist. We need to have a discussion on whether the interest rates capping is working. This House must have an open mind. We must listen to the Central Bank of Kenya (CBK), the private sector and the National Treasury on whether the interest rates capping is working. They are saying that SMEs are not borrowing. Figures have been provided on that. It is not a fallacy. This leader of t angatanga is talking of a fallacy. There is no fallacy. If you read the Report of the Committee on the presentation by the National Treasury, there is a problem with the capping of interest rates. As a House and lawmakers, we need to re-look at it. We are elected to offer solutions. We are not supposed to be populist and look at the profits which are made by banks. Kenyan banks are not the only ones which make profit. They make profit from the administration of your accounts. From where I come from, we do not borrow. We do not believe in interest because it is haramu . Interest is one of the worst crimes in Islam."
}