Momentum Credit Gives a Financial Lifeline to SMEs

By Wachira Kambogo Like any other entrepreneurs across the globe, Kenyan entrepreneurs often find themselves facing stubborn financial straits. When this happens, their businesses implode. Cash constraints bite hard, culminating in staff layoffs. In extreme cases, businesses close shop. Unlike their counterparts in the developed world who can easily access affordable credit, local entrepreneurs have…

New micro lender hands small firms financing lifeline

Published by James Ngunjiri on Business Daily Africa. Microfinance lender – Momentum Credit, has introduced a financing facility targeting small and medium sized enterprises (SMEs). The facility helps SMES access cash within a day without a physical collateral. The Invoice Factoring, is a business financing facility where businesses are able to sell their outstanding invoices to…