Thing is, Banks artificially suppressed loan approvals after interest rate cap law in Aug 2016 only to come back 2 years later and pull out this data as proof that interest rate caps are bad for the economy 1/
But i am in favor of increasing lending alternatives in the market to lower the cost of borrowing via competition 2/
1. Find new avenues of lending capital, stimulate existing ones - offshore, crypto, chamas/group savings crowdfunding, p2p, Fintechs
Lending capital from other sources besides banks lowers their influence, add more alternatives
Biashara, informal sector, savings groups, what else?
I think its pointless competing with banks using same data they have access to.
You have to uncover something they dont have
Kenya 60%+ informal biashara