The Central Bank of Kenya (CBK) has projected that Kenya’s real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low inflation. CBK reports that the Kenyan economy performed modestly in 2011 and realized growth in gross domestic product (GDP) of…

Treasury has signed a deal with four Microfinanciers to advance the Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT) in tunes of KES 600 million

There is an aspect of collateral associated with all loans advanced from formal lenders like banks and micro finance institutions. Just like there are different requirements from various lenders, there are also different loan types that can be secured differently. The most popular loans in the Kenyan market are check off loans. Here, the key aspect of security is an agreement between the bank and the employer to deduct at source and remit to the lender on behalf of the employee. This is done until the loan is fully repaid. What happens when you are in self employment?