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"id": 956070,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/956070/?format=api",
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"type": "speech",
"speaker_name": "Mukurweini, JP",
"speaker_title": "Hon. Anthony Kiai",
"speaker": {
"id": 13439,
"legal_name": "Anthony Githiaka Kiai",
"slug": "anthony-githiaka-kiai"
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"content": "When banks in this country had a free rein to operate in a laissez faire economy, we found them wanting in the sense that they could not be controlled. What we had was a banking industry that was loading over the public or Kenyans. It had become extremely difficult for a businessman in the country to borrow a loan from any banking institution. Even the smallest of a loan had to be secured by collateral like land or something tangible. In the current situation, the economy and Small and Medium-sized Enterprises (SMEs) are not growing because they are not supported by the banking industry. What we have in Kenya is not a banking industry, but a shylock industry whereby unless they are regulated via legislation, it means the public, businessmen and SMEs in the country will not grow. They have opted for easier ways out of doing business with Government because they are sure that their money will come back with handsome interest. That is why they have ignored majority of The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}