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Borrowers starved of credit as economy slows down

The most affordable place for a Kenyan to take a loan has always been from Savings and Credit Cooperatives (Saccos). The loan is non-collateralised with low interest rates.

It has also been the easiest loans to get. However, one thing that has made it the most difficult is getting colleagues to sign off as guarantors in these times of mass job losses, so you don’t drop the ball on them.

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