Nakuru County Government has signed a memorandum of understanding (MoU) with Kenya Commercial Bank (KBC) to offer training and affordable financing to more than 2,000 small and medium enterprises (SMEs). Under the deal, credit facilities will be extended at a 12.5% interest rate per annum, out of which 5% will be covered by the Cooperative Revolving Fund of the County Government. Furthermore, SME owners will be imparted skills in online marketing, business registration, record keeping, quality and productivity management, and legal issues, among others. They will also be given the training to maintain books of accounts and file tax returns.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.