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How SMEs are losing out on cheap loans

A youth wearing 'Money Heist ' face mask takes stock next to second hand shoes for sale in Kasarani estate,Nairobi. [Elvis Ogina,Standard]

A report by the National Treasury has found that micro and small enterprises are missing out on the government's cheap loans due to their informal set-up or structure that does not meet requirements in the Public Finance Management (PFM) Act and the MSE Act.

The report also notes that due to their informal set-up, they are tax non-compliant and hence cannot access the funds.

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