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Uhuru criticises banks on SME loans

President Uhuru Kenyatta addressing the press at state house on 21/11/18-[Photo: Beverlyne Musili,Standard]

President Uhuru Kenyatta has urged banks to be more innovative in devising ways of lowering the risk of lending to small businesses.

Uhuru said yesterday the Government would work with banks to this end by training small and medium-sized enterprises (SMEs) to better manage their books as well as coming up with alternatives for collateral where borrowers have no fixed assets such as land.

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