Banking on MSMEs for 2025 | Business Redefined
In 2024, rising interest rates placed Micro, Small & Medium size businesses on the backfoot with majority falling into default as they were unable to keep up with the cost of credit. Kenya's largest bank by asset base, KCB, however, posits that 2025 could be the year when Micro, Small & Medium size businesses rebound & offer a silver lining for lenders looking to significantly grow their loan books. Business Redefined sat down with the Managing Director, Annastacia Kimtai, for insights into this & more
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