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Six million Kenyans locked out of banking system

Central Bank of Kenya Governor Njuguna Ndung’u says financial systems are now offering a wide range of services due to expansions in infrastructure including innovation in products [PHOTO: FILE]

By Nicholas  Waitathu

About five million Kenyans are locked of the financial services system, a new survey reveals. The FinAccess National Survey 2013 released yesterday shows that more than a quarter of the 18.5 million eligible Kenyans are excluded from any form of financial services. Another 1.4 million rely on shylocks and friends for loans.

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