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State mulls alternative credit score for small businesses

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Co-operatives and Micro, Small and Medium Enterprises CS Simon Chelugui. [Elvis Oginas, Standard]

The government is pursuing an alternative credit score for small businesses in a bid to help them improve their liquidity amid a tough operating environment.

Principal Secretary in the State Department for Micro, Small and Medium Enterprise (MSMEs) Development Susan Mang'eni said the credit score will be independent of what is used to determine eligibility for personal loans.

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