Business Daily | by Constant Munda
The Treasury will guarantee mobile phone loans given to small traders in a bid to increase supply of credit under a scheme where the State will also pay part of the defaulted loans.
Mobile phone-based lending and sacco loans will be made part of the State-backed Credit Guarantee Scheme after only a handful of small and medium-sized businesses accessed the State-backed loans.
The State now seeks to exploit the growing appetite for mobile loans to boost credit to the small traders, who…
