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New SME rating tool to ease small firms’ access to credit

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Employees of Petmu Canvas Limited in Nairobi sew tents and school bags. Banks have been cautious about lending start-up capital to small firms like these because of their perceived credit risks. Photo/FREDRICK ONYANGO

Employees of Petmu Canvas Limited in Nairobi sew tents and school bags. Banks have been cautious about lending start-up capital to small firms like these because of their perceived credit risks. Photo/FREDRICK ONYANGO 

By ISAIAH OPIYO  (email the author)
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Posted  Tuesday, October 20  2009 at  00:00

Interested SMEs can apply to a credit rating agency to undergo the exercise where they will provide required information for evaluation and modelling for a rating score as a measure of their credit worthiness.

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