Through a programme dubbed Entrepreneurs Hub , the lender is reaching out to hundreds of Small and Medium Enterprises (SMEs) to build their competitiveness in the market.
Through a programme dubbed Entrepreneurs Hub (Ehub), the lender is reaching out to hundreds of Small and Medium Enterprises (SMEs) to build their competitiveness in the market.
The bank is training SMEs in key areas such as marketing, monitoring of cash flows and turnovers and human resource to sharpen their competitive edge in the otherwise flooded market.
The bank says it is keen on helping SMEs to achieve their growth and make them remain sustainable in their operations.
“We are very excited about our Ehub. Many people argue that the number one challenge facing SMEs is capital but for us we go beyond that,” said Pam Mutembei, Credit Bank head of business.
The bank is also partnering with Pan African organisations such as African Guarantee Fund (AGF) to de-risk SMEs through guarantees.
“The support from AGF allows the bank to offer an unsecured portfolio ranging from 53 to 75 percent. For us we are also keen on the financial education of the entrepreneurs we loan,” said Betty Korir, CEO Credit Bank.
