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From lending to loan repayment history, bank CEO's call for SME governance reforms

GTBank Kenya Managing Director Jubril Adeniji during the My Chat with a Bank CEO session. [Juliet Omelo, Standard]

Borrowers with strong repayment records will soon enjoy cheaper loans and better access to credit under Kenya’s new loan pricing formula, bank CEO’s have said.

In the just concluded ‘My Chat with a Bank CEO’ forum, an initiative by the banking industry umbrella body Kenya Bankers Association (KBA), the CEO’s argued that more than half of small enterprises do not live past their second year of operation, a factor that continues to hinder access to affordable credit for business growth.

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