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Mid-tier lenders like Jamii bora strive to make it in tough market

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A tough operating environment after the cap on interest rates has forced banks to diversify revenue sources as well as employ cost cutting measures to remain profitable. Jamii Bora Bank is currently seeking to raise half a billion shillings that will be invested in boosting its IT system as well as capital. CEO Samuel Kimani told our reporter Ronald Owili that the mid-tier lender plans to also recruit more agents to reach more customers as well as reduce its operational costs.

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