WE RECOGNIZE THAT THE MICRO AND SMALL ENTREPRENEURS NEED TO ACCESS AFFORDABLE CREDIT TO HELP THEM FINANCE THEIR WORKING CAPITAL NEEDS AND GROWTH, HENCE THE SAID CREDIT RATING INITIATIVE FOR THE MSME’S WILL ASSIST THE MEMBERS TO:
FIND EASIER TO ACCESS CREDIT FROM BANKS AND TRADE CREDIT SUPPLIERS OR MORE CAPITAL FROM DEVELOPMENT BANKS AND VENTURE CAPITALS
IMPROVE THEIR INTERNAL SYSTEMS AND PROCESSES MAKING THEM ATTRACTIVE TO CORPORATE FIRMS WANTING TO DO BUSINESS WITH THEM
WELL RATED MSME’S MAY HAVE COLLATERAL REQUIREMENT RELAXED AND BORROW AT LOWER RATES.
CREDIT RATING WILL ALSO CONTRIBUTE TO LOWERING OF BORROWING AND MAKE DISBURSEMENTS OF LOANS FASTER
THE CREDIT RATING SYSTEM FOR THE MSME SECTOR IS MEANT TO STIMULATE LENDING TO THE SECTOR IN EAST AFRICA
Richard N. Muteti
Director
"helping Small Business Owners Scale the Steps to Business Success"
Symbol of Hope for Small Businesses in East Africa
4 comments:
It is a dynamic industry and if given the necesary support will enhance the intergration process leading to the industial take-off , eradicate poverty and unemployment in the East African Region
ERIC MUKIRI
USA-MARYLAND
It is a dynamic industry and if given the necesary support will enhance the intergration process leading to the industial take-off , eradicate poverty and unemployment in the East African Region
ERIC MUKIRI
USA-MARYLAND
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