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Stawi loans join the competitive mobile lenders field

Small and Medium Enterprises will be eligible for Stawi loans.

NAIROBI, KENYA: Central Bank of Kenya (CBK) has endorsed a mobile loan product by five commercial banks targeting micro, small and medium scale enterprises

The mobile-based credit scheme is set to improve access to credit for small-to-midsize enterprises, which have been locked out of the formal credit market because of the informal nature of their records and lack of collateral for secured loans.

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