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Online platform connects lenders with borrowers

Ubapesa chief executive George Wasike (left) with technical officer Ronald Mutuku during the interview at their Nairobi offices on April 23. PHOTO | Salaton njau | NMG

By  JAMES KARIUKI

A money-lending online platform launched in Kenya last month has attracted 3,000 loanees and 22,000 mobile app downloads.

Ubapesa, founded by George Wasike, Gordon Ochieng, Ronald Mutuku and an anonymous funder, has been offering online short-term loans mainly to civil servants and owners of small businesses, who require urgent cash to meet immediate needs.

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