Financial Inclusion in Kenya
Financial inclusion can be defined as a situation where businesses and individuals have access to financial products and services that are affordable and meet their needs.
Financial inclusion can be defined as a situation where businesses and individuals have access to financial products and services that are affordable and meet their needs.
Did you know: The first written text in history was done more than 5,000 years ago and is believed to have belonged to an Accountant who was making a record of supplies. It read, “A total of 29,086 measures of barley were received over the course of 37 months. Signed, Kushim.”
One major challenge that SMEs face during start up or growth is access to funding. Accounting and reporting can therefore support SMEs by providing lenders with transparent information to aid in assessing the risk of borrowing and improves chances of obtaining the funding.