Micro and Small Enterprises Authority is a state corporation with the mandate to coordinate all matters relating to the development of the Micro and Small Enterprises (MSEs), provide accessible credit to MSEs and keep an updated data base of the MSEs in Kenya.
It is on this basis that Metropol Credit Reference Bureau Limitedis seeking collaboration with the Authority in order to provide Micro and Small Enterprises (MSEs) with credit reference profiles so that Lenders and/or Credit providers can easily identify the businesses and the people behind them. The proposed collaboration is aimed at providing solutions that lenders and other credit providers can use to manage the risk of extending credit to their customers and also empower borrowers, in this case MSEs, to access affordable credit facilities from all sources of finance within the economy.
It is envisaged that the collaboration will assist the Authority in addressing the challenges facing the MSE sector such as access to finance, access to markets, access to information and capacity related issues. The Parties identified areas of collaboration and developed a Memorandum of Understanding.