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Tembo Sacco Form

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savings and credit cooperative societies in the country will start to lend to each other by august this year if plans by the government to establish a new fund facility materializes the central liquidity fund which is now seeking cabinet approval will enable cycles to become even more innovative as they compete with commercial banks denis ortino tells us more the operationalization of the central liquidity fund will mark the culmination of a proposal that was fronted years ago in a move aimed at boosting liquidity of savings in credit cooperative societies but yet we know that even though some circles have some temporary liquidity challenges there are others that are very liquid and have money so this central liquidity facility is like a central reserve but for circus the facility will enable circles land and borrow from each other to the circle sector's growth while decreasing their dependency on borrowing against high loan rates issued by commercial banks so what will happen

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