The number of loans accounts held by medium, small and micro enterprises (MSMEs) increased by 41.7 per cent in three years, amid scramble by lenders for a share of the key market segment.
The Central Bank of Kenya data show there were 915,155 MSME loan accounts with commercial banks and microfinance banks as at December 2020, an increase (by 269,137 loans accounts) from 646,018 loan accounts as at December 2017.
