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Impact investing could transform enterprise
A panel interacts with the audience during an impact investment conference held at the Kenya School of Monetary Studies in Nairobi last week on February 27. PHOTO | DIANA NGILA
The business environment for small and growing businesses (SGBs) and small and medium enterprises (SMEs) is faced with various challenges, among them a struggle to access finances for growth and sustainability.
Access to finance is key for infrastructure developments, expansion, market development or as working capital. Most traditional financial institutions are too risk-averse to offer flexible, tailored financial arrangements for SGBs due to the high cost of finance.
