[Source: Business Daily, by Mercy Mwende]
Nyeri County has reduced its loan repayment rate for the Enterprise Development Fund (EDF) from seven to five percent in a bid to offer affordable financing to small scale businesses amid the Covid-19 period.
Trade Executive Diana Kendi said the county government had set aside a Sh30 million for the fund.
She urged residents in existing small-scale enterprises who could not access loans from financial institutions to take advantage of the state loan.
“The loan is available to…
