Money Markets
MFIs fill banking void as new laws provide more market flexibility
Faulu Kenya MD, Lydia Koros, displays a licence that allows her institution to take deposits from the public. /Chris Ojow
By Victor Juma
(email the author)
Posted Monday, June 22 2009 at 00:00
Posted Monday, June 22 2009 at 00:00
He adds that the ensuing competition for financial services could see deposit rates in the country rise.
But the growth of MFIs has come with its attendant challenges related to high cost of administration, staff establishment, managing risks, training and use of appropriate technology.
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