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Functions of Micro-Finance Companies

Answer Text:
Functions of Micro-Finance Companies
These are financial companies formed to provide small scale and medium size enterprises with finance. They also carry out the following functions
-Offer advisory services to their clients in matters such as business opportunities available and how to operate them.
-Encourage the clients to carry out business activities by offering loans to them
-They encourage the savings by advancing loans to the individual member of a certain group
-They supervise, monitor and advise those whom they have given loans and They includes the following: Kenya Women finance
Trust (KWFT), Faulu Kenya etc