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{
    "id": 959748,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959748/?format=api",
    "text_counter": 152,
    "type": "speech",
    "speaker_name": "Kangundo, Muungano",
    "speaker_title": "Hon. Fabian Mulu",
    "speaker": {
        "id": 13360,
        "legal_name": "Fabian Kyule Muli",
        "slug": "fabian-kyule-muli-2"
    },
    "content": "grow to the level of the Second World. If we let institutions exploit our people through loans, our people will end up being victims of auctioneers. Our people will be backward and yet, we will be saying that the economy is growing. That is why I say we have to support this Bill. It needs to be implemented immediately. This House has passed very important Bills which are not operationalised. It is true that some people in the Executive will feel that an interest rate capped at 4 per cent is not fair. But I am telling the Executive that the law we make in this House is not for the present Members or the people in the Executive. That is because some day they will not be there. They will not be in that office one day. One day, these Members will not be in this House. So, I ask Members to support this Bill. I support it 100 per cent. I also request the banking industry to know that it is operating for the benefit of Kenyans. They should also see the importance of this Bill. If they find any part that is challenging, this House is ready to receive any proposal from them. But it is high time we supported this Bill. Thank you. I support this Bill."
}