• Home
  • About us
    • About us
    • Our team
    • Our impact
  • Blog
  • Donate
MKONO
  • Home
  • About us
    • About us
    • Our team
    • Our impact
  • Blog
  • Donate

Compounding Effects of Covid-19 on SME Growth

4/7/2022

0 Comments

 
This article is part of Mkono's new Mawazo thought leadership series. At Mkono, we want to continually share insights on the ever-changing landscape of microfinance, SME growth, economic development and more.
Microcredit Organizations and Microfinance Institutions (MFIs) have existed in Kenya since the 1990s as a means to provide financial support to Small and Medium Enterprises (SMEs). SMEs face several challenges in accessing loans from banks and other traditional financial institutions, often influencing their decision to work with MFIs instead. Entrepreneurs working with Mkono have listed a few of these challenges which have included the size and type of their enterprise, high interest rates charged by formal banks, greater risk associated with formal bank loans as well as the bureaucracy that exists in formal institutions, which leads to lengthy and tedious loan  processes.

Read More
0 Comments

    Categories

    All
    Entrepreneur Stories
    For Entrepreneurs
    Mawazo
    Mkono News
    Team

 
Picture
Become an Ally
​
Mkono Allies are young professionals willing to share their insights with entrepreneurs. And learn from them in the process .
Contact us
​community@mkono.org
Get Involved
​
Interested in contributing? Mkono might have the volunteer opportunities you're looking for.
Learn more
​About us
Our team
Our impact
Donate
Global Giving Campaign
Subscribe to keep up to date
Privacy Policy | Terms & Conditions of Use
Copyright © 2020
  • Home
  • About us
    • About us
    • Our team
    • Our impact
  • Blog
  • Donate