William Ruto today the 14th September 2021, held a meeting with Nairobi's small business owners in his Karen residence. In a video doing rounds I'm social media, the Deputy President regrets the fact that of the 14 million Kenyans listed on Credit Reference Bureau (CRB) the majority are small business owners like Mama Mbogas, Bodabodas and Barbers.
He said, "God willing, my government will set aside money that will make it possible for small business owners to access through Saccos and pay back at an interest of 2% or 3%." According to William Ruto, Fuliza, Shylocks and many more money lenders are exploiting the small business owners with punitive interests that runs to over 1000% per year while big businesses and companies access loans at 15% per year. He wondered how small businesses could grow under such circumstances and it's owners be able to avoid being listed on CRB.
What are your thoughts about William Ruto's plans to save the majority of Kenyans from the CRB through his government's friendly loan interests? Share your thoughts with us in the comments section.
Content created and supplied by: Samtoywa (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More