Entry Instance

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

{
    "id": 954685,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/954685/?format=api",
    "text_counter": 377,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "In a market place, when the price of a commodity goes down, the quantity that is demanded should be higher. It is very ironical because when we cap the interest rates, that means the margin goes down and the goods to be demanded should be higher. In this case in the banking sector, it is on the contrary. When you try to probe further, these banks have conspired to deny an opportunity to SMEs simply because of the assumption that they are risky. This is a conspiracy. These banks have been making abnormal profits. Normally, when all factors are constant - ceteris paribus - that should not have been the case. However, because it is contrary and it is an issue of governance, that is why we call upon the Central Bank of Kenya which regulates banks to ensure that when the interest rate goes down, many people can afford to access credit. However, because they are used to abnormal profits and in this case they are not making the abnormal profits, they conspired to blackmail…"
}