Not so much given the amounts involved and payment duration. No one wants to go to the bank to fill forms to borrow 2k which they are planning to repay in a couple of weeks.

But for lenders giving 20k and above, business will tank. Probably by more than 60%!!! I am not sure of the average amounts borrowed per transaction in fuliza but I would imagine they are hundreds to a few thousands. If it is tens of thousands (which I highly doubt), they will also be affected.

You don't make demands from a position of weakness. They should have made the amendments much earlier when discussing the bill. The president/treasury/CBK has them by balls. Chances of them raising 2/3 majority are slim to none.

The amendment will only be done if the President wants it to be.

MPigs made the wrong move. Recovering from that move is tough!!

Is there a d-day to which this must be debated/passed?

Immediately after recess which happens to be the first week of November.

Right so safe to assume worst case scenario March 2020?

President Uhuru did not sign the bill, rather he sent it to parliament with specific instructions that MPs throw it(bill) out of the window. CS Yattani is on record saying that this is expected to happen immediately parliament resumes session in November.

That was exactly what the banks were doing before the rate cap. They were literally abusing the goodwill of their good customers by over charging them high interest to carter for their Non performing loans.

Even if the rate cap goes, measures should be put in place to protect goid borrowers. The CRB is not enough

@rongla how do you propose the banks price their risk?

All these suggestions/ideas have been overtaken by time.