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Changing face of micro finance in Kenya

NAIROBI, KENYA: Micro-financiers are gradually finding a place in the Kenyan market. Three years ago, getting a loan was a headache for the unbanked population.

But, micro financiers are helping to further financial inclusion in Kenya. “Micro-financiers have reduced approval time from days to minutes,” says Mr Stefan Coetsee, country manager at Get Bucks Ltd, a firm that provides short term loans to civil servants and those in formal employment.

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