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The Standard e-Paper
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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
BY FREDRICK OBURA
As the year draws to a close, Kenyans will remember 2012 as a year when the cost of borrowing was beyond the reach of many. At some point in the course of this year, interest rates on loans by commercial banks averaged at between 25 and 30 per cent, making it one of the most difficult years for borrowers.
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