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Micro lender Real People cuts loss to Sh97.5m
Real People is still stuck in a negative equity position, with total assets standing at Sh1.13 billion against Sh1.29 billion in liabilities at the end of October. FILE PHOTO | NMG
South African-linked credit-only micro-financier, Real People Kenya Ltd, cut net losses for six months through September by 58.11 per cent on reduced impairments and operating costs.
Losses dropped Sh97.50 million in September compared to Sh232.76 million a year earlier, the troubled firm said in a financial statement.
