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CBK in partnership with five banks to avail low-interest loans through ‘Stawi’

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The Central Bank of Kenya in partnership with five commercial banks are set to avail low-interest loans to micro, small and medium enterprise traders on mobile phones. This will be through the mobile-based credit scheme dubbed Stawi targeting at least 13,000 traders in the first round. CBK Governor Dr Patrick Njoroge says the new product aims at improving credit access among MSMEs with the 9 percent interest.
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