×
The Standard e-Paper
Join Thousands of Readers
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Micro-finance institutions (MFIs) have since inception styled themselves as the poor person’s bank. They are marketed as the poor man’s ‘saviour’ from prohibitive interest rates charged by commercial banks.
However, data released by the Central Bank of Kenya (CBK) tell a slightly different story. The cheapest micro-loans, which are very small, short-term loans at low interest, especially to a start-up company or self-employed person, in the market are offered by a commercial bank.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join