Commercial Bank of Africa (CBA) is building a digital platform where small and medium enterprises’ commercial transactions will be recorded and a data-based financial history generated for each borrower.
General manager in charge of new business and the phone-based CBA Loop platform Eric Muriuki said the new product is expected to facilitate small and medium enterprises (SMEs)’ bid to build viable financial history that can be relied upon to gauge an individual business-owner’s creditworthiness.
