Kifiya Financial Technology in partnership with the Mastercard Foundation and its knowledge partner IFC (International Finance Corporation) kicked off a first-of-its-kind knowledge seminar bringing together financial institutions, policymakers, and MSMEs to discuss how to make capital more accessible to entrepreneurs by addressing prohibitive collateral requirements. Kifiya Financial Technology is pioneering a unique approach to the challenge through its digital lending technology Qena, which connects businesses to credit without the need for collateral, leveraging new approaches to credit scoring.
By bringing together leading industry experts, researchers, bank senior officials, entrepreneurs, regulators, policymakers, government, and other key stakeholders, the knowledge seminar is poised to accelerate digital lending solutions and enhance access to finance for MSMEs in Ethiopia.
The panel discussion featured discussions while provided insight into the issues of access to finance challenges and opportunities for MSMEs, the regulatory angle on how to address and enhance MSMEs’ financial needs, and trends in the global practices of addressing MSME challenges, and the role of digital in solving these challenges
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