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The County Government of Embu has abandoned plans to start a microfinance bank that would have created a vehicle for the citizens to save and access loans at friendly rates in favour of supporting Saccos.
Governor Martin Wambora said they realised a microfinance would just duplicate what the numerous Saccos in the county are doing. He said the existing county Saccos and cooperatives were already flourishing and had mobilised their clients to save and invest leading to a vibrant economy.
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