The Association of Microfinance Institutions in Rwanda (AMIR) is the only roof organization of micro...
In 1999, a group of women entrepreneurs from all across Tanzania voiced their idea of having a “Wome...
The World Bank is an international financial institution that provides loans to developing countries...
We provide access to financial solutions empowering people living in poverty to transform their live...
Founded in 1967 as one of the key institutions of the East African Community, the East African Devel...
Posted: 18 Dec 2015 10:39
Category: Banking, Finance & Insurance
Location: Africa , Kenya , Nairobi
Web Site: www.africanguaranteefund.com
Small and Medium Enterprises (SMEs) are widely recognized as big drivers of economic growth, innovation, regional development and job creation. A strong and vibrant SME sector provides a strong foundation to increase standards of living and to reduce poverty. Despite the internationally recognized importance of SMEs, African small businesses often have difficulties accessing financing for growth and innovation from the formal financial sector. SME financing is often considered by many financial sector players in Africa to be a risky activity as promoters quite more often than not, fail to come up with the collateral levels required to secure bank facilities
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