Through a proposed amendment to the Public Finance Management Act, 2012 the government seeks to implement a scheme by which private borrowers who do not have sufficient security shall receive guarantees from the government for their borrowings. This scheme would be available to SMEs that are tax compliant and have valid business permit or trade licence from the county governments. The beneficiaries of the scheme would be required to bind themselves to comply with the laws and any conditions that may be imposed with respect to the guarantee.

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