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{
    "id": 959808,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959808/?format=api",
    "text_counter": 212,
    "type": "speech",
    "speaker_name": "Kimilili, JP",
    "speaker_title": "Hon. Didmus Barasa",
    "speaker": {
        "id": 1885,
        "legal_name": "Didmus Wekesa Barasa Mutua",
        "slug": "didmus-wekesa-barasa-mutua"
    },
    "content": "For us to move forward, we must close our ears. I know it is important to listen to the banks but we cannot open all our ears to listen to them. They must understand that when you are doing business, you must exercise patience and grow your net profit. You cannot become a millionaire in a short time by charging exorbitant interest rates. Let them be patient and grow their banking sector. They should not desire to grow overnight by charging exorbitant interest rates that impoverish Kenyans. That is not going to be acceptable at all. I know and I want to tell this House that those Kenyans who are against this law are people who are engaging in a banking business. I want to tell them that Kenya does not belong to them only, it also belongs to mamamboga and pastoralist communities that are relying on rearing cattle for livelihood. They must also be considered in terms of how much interest they will pay when they get loans from banks."
}