DAR ES SALAAM, Aug. 21 -- EQUITY Bank has reiterated its commitment to supporting entrepreneurs and small business owners by addressing one of the key barriers to accessing credit, lack of financial visibility.

The pledge was made during an entrepreneurs and business forum held in Mwanza, which brought together traders, financial experts and bank officials to exchange ideas on business growth and sustainability.

Equitys General Manager for Business, Leah Ayoub, said the main reason many entrepreneurs fail to secure loans is not the absence of viable ideas, but their failure to build a banking record.

“A majority of business owners do not channel their funds through banks and this makes it difficult for lenders to assess their rep...