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The micro small and medium enterprises are set to continue enjoying free bank-to-mobile transactions from I&M Bank. This follows a move by the lender to extend the waiver on such transactions to enable businesses reduce their operational cost and attract new customers. The bank which is now eyeing a share of the retail market, notes that transaction cost has been a burden to players in the MSME sector, eating into their already low margins
I&M Bank to offer unsecured SME loans up to 5 million
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