By Oliver Tackie When Jasent Enterprise asked their bankers for GH₵50,000 to restock their trade, the answer was no. No audited books. No land title. Too risky. Last month they tried again. This time the CEO’s Ghana Card and two years of MoMo transactions got her approval in 48 hours. Jasent’s story shows Africa’s big […] The post How financial institutions drive SME Access to finance in Africa appeared first on The Business & Financial Times.
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How financial institutions drive SME Access to finance in Africa
Business & Financial TimesBy Christabel DansoMon, 27 Apr 2026 · 2h ago0 views
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Financial institutions are evolving how African SMEs access finance. Previously, traditional requirements like audited books or land titles often led to rejections. Now, some institutions are leveraging alternative data, such as national ID cards (e.g., Ghana Card) and mobile money transaction histories, to assess risk. This shift enables faster loan approvals, improving financial inclusion for small businesses.
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Business & Financial Times
#["Features"#"Jasent Enterprise"#"Oliver Tackie"]