Small, medium and micro enterprises contribute significantly to the economy, approximately 34% to South Africa’s Gross Domestic Product. They also play a vital role in the economy as drivers for reducing unemployment. In a modern transforming globe, small, medium and micro enterprises depend on funding. Categorically, credit in South Africa is limited to small, medium and micro enterprises from banks, this has to do with the credit histories, policies and collateral. The issue of policies that make it convenient for Small, medium and micro enterprises to obtain loans have proven to be difficult. These policies aspects have verified to be specifically difficult for regulations meant to increase asset-based total lending. The aim of the study was to assesses the role, adequacy and gaps of current policies to enhance credit accessibility by SMMEs in the KSDLM. The following research objectives are pursued: to identify the challenges faced by small businesses in the KSDLM, specifically from a credit access perspective; to identify the role of policies in assisting SMMEs to access credit for their small businesses in the KSDLM; to identify the policy gaps that hinder access to credit by SMMEs in the KSDLM; to draft a policy framework that enhances access to credit by SMMEs. A mixed method approach was adopted in this study. A questionnaire for quantitative approach, as well as an interview schedule for qualitative approach, was used to collect data. A sample of 145 small, medium, and micro enterprises, as well as 5 financial institutions, was utilised for the study. The study revealed numerous challenges that are hindering small, medium and micro enterprises from accessing credit and they are compliant, lack of proper record keeps, poor adjustment to technology, collateral and stability. Most small, medium and micro enterprises mentioned are facing challenges in accessing credit owing to the policies that are in place that do not cater for all their challenges and shortcomings. The study recommend that the Government ...