Microlender eyes long-term deposits with higher rate

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A trader counting money. FILE PHOTO | NMG

Microlender Maisha Microfinance has launched a savings product offering an 11.25 percent interest rate in a bid to build up its stock of longer-term deposits.

The mobile based product dubbed M-Fanisi is a fixed deposit account that is also targeting low income earners by allowing savers to set aside amounts from as little as Sh500.

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