Auditors wary of microfinancier's survival after Sh592m loss

Real People Chief Executive Daniel Ohonde and former Nairobi County Trade Executive Ann Othoro during the opening of the firm's regional headquarters in Nairobi in October 2014. [File, Standard]

The future of non-deposit-taking financial solutions provider Real People Kenya Ltd hangs by a thread after its full-year loss widened more than six-fold.

Deloitte auditors said the firm, which started its operations in Kenya in 2006, faces an uncertain future, with its survival now hinging on its anticipated tax refund of Sh177.1 million from the Kenya Revenue Authority (KRA).