In what ways do the Non-bank financial institutions contribute to economic development in Kenya?

Explain ways in which the Non-bank financial institutions contribute to economic development in Kenya.

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(i) They provide long term lending unlike commercial banks.

(ii) They fund strategic areas which may not attract commercial banks.

(iii) Provide loans to start and expand business.

(iv) Create employment which improves people's standards of living.

(v) Provide revenue to the government through paying taxes.

(vi) Advise investors on how to start and run businesses.

(vii) Mobilize savings for development purpose.

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maurice.mutuku answered the question on July 25, 2017 at 08:30

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