Kenyan Lenders Still Favor Land Collateral Over Movable Assets, Stalling Growing Businesses
Full story
Many Kenyan firms are having difficulty securing bank loans. Lenders continue to demand title deeds as collateral rather than accepting movable assets. This happens even when companies have strong order books and operating machinery. The current lending preference is stalling the growth of these businesses.
Despite strong order books and operating machinery, many Kenyan firms struggle to secure bank loans because lenders still demand title deeds instead of recognising movable collateral.