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{
    "id": 956076,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/956076/?format=api",
    "text_counter": 325,
    "type": "speech",
    "speaker_name": "Ugenya, ODM",
    "speaker_title": "Hon David Ochieng’",
    "speaker": {
        "id": 1007,
        "legal_name": "Christine Oduor Ombaka",
        "slug": "christine-oduor-ombaka"
    },
    "content": "banks will raise interest rates claiming they even need to raise the interest rates of existing loans. If they could show goodwill and say that the economy is stable and the Building Bridges Initiative (BBI) is working among other things to reduce interest rates that would be fine. On the wake of the original Act of fixing interest rates, we have a seen a proliferation of bank charges on other things. They are basically rising interest rates by putting so many other charges like negotiation and administration fees and many other fees that if you aggregate, you realise you are paying seven or eight per cent on the loans Kenyans take."
}