One of the key reasons why banks are challenged in serving SMEs appropriately, is that they lack an understanding of the evolving needs of fast growing SMEs. In part this is due to the fact that SME growth stories are extremely diverse. In addition, SME success is not always directly measurable in a single company’s financial statements. Check out the infographic below for key statistics relating to the state of SME in Kenya.
Credit referencing hit Kenya just the other day and with a big bang. Mention CRB (Credit Referencing Bureau) anywhere and notice all ears pricked. It affects everyone who needs to access loans.
Mobile banking is standard and is one of the easiest ways to bank or transfer money in Kenya. This development came about when Safaricom a mobile service provider introduced money transfer through the cell phone known as Mpesa.
Have you ever found yourself in financial crisis and wondered what to do? I have. At such time, the mind races, analyzing all my friends and family speculating who to call.
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