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Micro lenders advised to cast nets wide for new opportunities

Microfinance institutions (MFIs) have been urged to cast their nets as wide as possible if they are to benefit from new opportunities springing from asset-based lending options.

Since some banks, scaled-down lending to small and medium enterprises (SMEs) owing to their risk averseness – a host of other providers including digital lenders have emerged to cater to their debt finance needs.

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