Enterprises defy economic storm to post strong growth

The reliance on the founder’s savings for start-up capital points to reluctance by financial institutions to lend to companies that do not have a credit history. Once the companies have established themselves, the banks are more willing to provide them with expansion capital. About 43 per cent of the Top 100 participants experienced working capital challenges in 2011 due to delays collecting payments from their customers and stringent credit terms imposed by their suppliers. While the number of companies citing delays in collections from customers has remained stable over the years, the proportion of companies citing stringent credit terms by suppliers rose significantly from 38 per cent in 2010 to 63 per cent in 2011. read on: http://www.businessdailyafrica.com/Kenyan+enterprises+defy+economic+storm+to+post+strong+growth++/-/539444/1260528/-/item/1/-/7gckn2/-/index.html