60% of SMEs denied financing in the last three years

At least 60 percent of SMEs in Kenya were denied funding in the last three years, a report by consulting firm, Wylde International has revealed. 

Lack of collateral was highlighted as the major reason for the snub as Wylde International detailed a range of turmoil faced by these businesses in its report, “SME Access to Financing”.

The startup state associated with limited experience in…