Uganda, Feb. 27 -- In the past, a sizable number of formal and informal small businesses in Uganda have or had unmet financing needs but with no way out.

Why? Because many or the majority have little or no credit history, which makes it difficult for credit institutions to assess their ability to access or repay loans.

Creditworthiness is an important aspect of business development and without it, it is always difficult for lenders to offer credit to a business.

However, today, credit rating services are in plenty, and experts in different disciplines, including new spaces such as financial technology, believe leveraging data and building robust credit information sharing infrastructure, will quickly turn around small businesses' acces...