Get premium membership and access revision papers with marking schemes, video lessons and live classes.

Processing. Please wait.

Non-bank financial institutions

Answer Text:
NON- BANK FINANCIAL INSTITUTIONS:
These are financial institutions that offer finances for development purposes to individuals and organizations.
These institutions address themselves to the needs of specific sectors in the economy.
They offer the finances inform of either short term or long term loans.
The following are some of the non-bank financial institutions in Kenya
-Development banks
-Building societies
-Finance houses
-Savings and Credit Co-operative Societies
-Micro finance organizations
-Insurance companies
-Pension Funds‟ Organizations
-Hire Purchase Firms