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Bankers in Kenya face bleak future as job cuts, high loan costs fuel alarming rise in defaults

By Patrick Alushula | 10yrs ago

Men hold placards offering temporal employment services

NAIROBI: Jacinta* wanted financial freedom, and National Bank of Kenya gave her hope she could get it.

When she got a job at the lender, she applied for a mortgage as soon as she was eligible to. She got Sh6.2 million at the attractive interest rate of 4 per cent.

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