Entry Instance

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

{
    "id": 977225,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/977225/?format=api",
    "text_counter": 353,
    "type": "speech",
    "speaker_name": "Mbooni, Independent",
    "speaker_title": "Hon. Erastus Nzioka",
    "speaker": {
        "id": 13433,
        "legal_name": "Erastus Kivasu Nzioka",
        "slug": "erastus-kivasu-nzioka-2"
    },
    "content": "The Committee observed that non-recoverable loans were recurring audit queries which could be attributed to groups seemingly incorporated with the intent to defraud the Fund. The Committee observed that these groups disintegrated after receipt of funds. This implies that the Fund did not adhere to existing lending policies while vetting some of the beneficiaries. The Committee therefore observed that there are funds which are still outstanding that were lent through the financial intermediaries whose recoverability is doubtful. The Committee therefore recommends that there is need for the Fund managers to enhance their lending policies to improve recoverability of loans and that the Fund should lend directly to borrowers instead of using financial intermediaries."
}