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Lack of access to credit stunts growth of SMEs
Women sew clothes at a local firm. A study shows that SMEs face numerous hurdles in accessing credit, a move which constrains their growth. Photo/REUTERS
Monica Matiri, an entrepreneur involved in transport logistics solutions, has had her fair share tribulations while trying to access credit to expand her business.
“I have been turned down due to lack of collateral such as land, which is most preferred, denying my business funds needed to meet growing demand,” said Ms Matiri.
