People Daily | by Li Jiuping
Mobile money emerged the most popular source of credit for small and medium enterprises (SMEs) in Kenya amid Covid-19 shocks in 2020, a report shows.
A report by Viffa Consult, a management consultancy, business profit is the second most popular source of credit for SMEs followed by personal savings, money from family and friends, and Chama loans in that particular order.
SMEs gave banks loans a wide berth emerging as the least popular source of financing this year followed by Sacco loans…
