Credit Guarantee Scheme key in growing Kenyan SMEs

The planned set up of Credit Guarantee Scheme announced by President Uhuru Kenyatta on Thursday last week will play a key role in offering access to credit to the thousands of Small businesses across the country.

According to Deputy President William Ruto, the move is aimed at making small and medium-sized enterprises flourish, creating more jobs for the youths.

“It is the business of the government to ensure that ventures that generate employment and income for the people grow. Apart from making them access credit, we will also pursue policies that would create a conducive environment for them to expand,” said Ruto.

Kenya is in the process of putting in place a credit guarantee scheme for small and medium enterprises (SMEs) in order to boost economic growth.

“It is the goal of the government to ensure that every business person from the lowest to the highest level has ample space to do business,” adding that,” They do not have a development track-record. They do not have an agenda for this country. They are disintegrated and their interest is selfish,” said Dr. Ruto.