MSE verification a game changer

One of the major reasons why some micro and small enterprises (MSEs) prefer being in the informal sector is fear of compliance with regulatory requirements.

However, failure to comply has unintended repercussions. MSEs operating informally cannot access credit due to lack of information about their existence — Know Your Customer (KYC). Neither can they qualify for lucrative tenders. In summary, they will forever live in the margins of poverty.