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Lending firm to invest Sh7b in loans for small businesses

Mogo Kenya Country Manager Domas Mineikis (second left). [Nanjinia Wamuswa, Standard]

Financial services firm Mogo has said it will extend Sh7 billion worth of credit to small businesses and individuals running projects with a potential to generate income and increase productivity.

Mogo Kenya Country Manager Domas Mineikis said productive lending will bridge the gap in financial inclusion by increasing access to credit to individuals and groups that have been traditionally excluded from the formal financial system.

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