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Banks under pressure to relax loan terms as coronavirus bites

In the glaring effects of the Coronavirus on businesses in Kenya, financial institutions have been asked to go slow on collecting loans as the public transport businesses are taking hits.

The chairperson of the Matatu Owners Association, Simon Kimutai, on Monday asked financial institutions to amend their loan recollection at least for the period that the country faces tough times in the business sector.

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