Small project loans added to SaiNet
The General Authority of the National Fund for Small and Medium Enterprises (SMEs) and Kuwait Credit Information Company "Say Net" signed a memorandum of understanding to enhance the exchange of credit information, aiming to support and finance small and medium-sized projects in Kuwait. The partnership includes adding credit facilities data to credit reports, as well as launching the "SME Score" creditworthiness assessment tool to enable lenders to evaluate the financial soundness of projects more accurately. This initiative boosts confidence and increases the chances of securing funding. The goal is to develop the entrepreneurship ecosystem and improve transparency in financial information to support the growth of the private sector in Kuwait.
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