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Local firms in Kenya compete for growing appetite for mobile loans

Read < 1 minute

Smartphones are now revolutionizing the business of micro-finance in Kenya.

The growing demand for lending apps has caught the attention of banks and private equity firms from as far away as the United States and Europe, who are swooping in for a piece of the market.

Uche Okoronkwo looks at one local firm that has benefited from this.

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