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Virtual lender Branch Kenya loans hit Sh3.6 billion

A mobile subscriber withdraws money from an M-Pesa shop. FILE PHOTO | NMG 

By  DOREEN WAINAINAH

Mobile-based lender Branch has disbursed a cumulative Sh3.63 billion ($35 million) loans in Kenya where virtual lending is growing in popularity.

Branch, founded in 2015, says its customer base has grown to 350,000 individuals who have made over 1.5 million loan transactions.

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