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Banks entice more MSMEs to grow credit uptake

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A youth wearing 'Money Heist ' face mask takes stock next to second hand shoes for sale in Kasarani estate,Nairobi. [Elvis Ogina,Standard]

Banks and other financial institutions are aggressively customising their services to improve the appetite for credit among micro, small, and medium enterprises (MSMEs) that comprise the country's majority of businesses.

Customised business loans, crowdfunding, and green financing are among the innovations the banking sector is documented to have invested in last year to lure more small businesses.

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