Dennitah Ghati: Lower interest rates

Woman Rep Dennitah Ghati wants the Government to lower interest rates charged by banks and micro finance institutions on businesses.

While speaking during the launch of Dede Progressive Sacco at Dede market, Ms Ghati said lowered interest rates will encourage more to venture into businesses.

She noted that business men and women from rural areas are finding it difficult to access credit and called for keen, periodic, review of the interest charges.

"When people acquire loans, high interest rates are charged per month which deplete their savings. Yet, a large percentage of these loan portfolios consist of our savings, which accumulate no interest. This ought to change to allow business people invest," she said