Hawkers get loan facility

By Standard Reporter

A micro-finance deposit taking institution has introduced a soft loan to assist hawkers get a City Council Business Permit.

Rafiki Deposit-Taking Micro Finance is now offerings advances of as low as Sh2,000 to hawkers and other small business owners to help them comply with City by-laws.

The loan advances are also available to customers in other towns like Mombasa.

Managing Director Daniel Mavindu says the move will ensure small scale business owners comply with city by laws and stop clashes between them and City Council askaris. The loans will be processed within 48 hours.

A ceiling of Sh60,000 has been set for those seeking the loans, in line with their requirements.