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Monday, 8 July 2024

Are money matters giving Kenyans sleepless nights

Loans

There are various types of loans and banks usually loan out to people who are working, or have a source of income money that can be paid back after a certain period plus interest so that they can be able to buy assets, or pay school fee or other needs.
Banks have salespeople that sell loans to staff of various companies.



Mobile money

Examples of mobile money lenders include Tala, Branch, Zenka, Fairkash and many more, where you can be able to download the app from Google App Store and fill in your personal details and apply for a loan which can be paid back within 2 weeks mostly.

Sacco loans
Bank loans
Business loans

Business loans are usually for SME and MSME's so that they can be able to get stocks and other needs for their business as well as asset financing.


LPO financing 

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