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Micro lender fears business fallout from regulated rates

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried.

One of the top companies in the field, Access Financial Services Limited, warned this week that any action taken to cap micro loan rates could end up slowing the flow of capital to the MSME sector.

Sector representatives anticipate that the law when passed will lead to a curtailment of the rates they have been used to charging payday borrowers an…
Business News

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