Banks through Kenya Bankers Association will set up a Sh.100 million technical assistance program for micro, small and medium-sized enterprises (MSMEs) towards enhancing their ability to secure financing from banks. The industry will establish a governance framework including sector stakeholders to oversee the implementation of this program which will be launched in January 2017.
There are various definitions of micro, small and medium-sized enterprises. The National Government in the Micro and Small Enterprise Act No. 55 of 2012 has defined micro and small businesses. The World Bank has an international standard. Meanwhile, individual financial firms each have specific definitions based on their institutional requirements.
For the purpose of the MSME Capacity Building program , specific indicators have been defined by a working group which included Kenya Bankers Association Secretariat, local and regional banks, entrepreneurs, the Micro and Small Enterprise Authority, Ministry of Industry, Trade and Cooperatives, Kenya Institute of Management, and the Kenya Association of Manufacturers. This working group helped harmonise definitions for the purposes of guiding banks on their disbursements and reporting.
Through the programme’s training, you will be able to gain knowledge that will empower you to better run your business, expand your market rich, increase your profit margin and consequently enhance your ability to access finance from banks.
Entrepreneurs who successfuly complete the online training course and are keen to access bank finance will be supported to access credit by KBA if they meet bank loan requirements.
KBA is rolling out the face-to-face trainings in two cities. They include Nakuru and Nairobi in Kenya Institute of Management (KIM) designated training centres. Visit the Face-to-Face Training page to register for the face to face training.
We recommend that you book your slots early for upcoming trainings as the tickets run out fast! The face to face training sessions are free of charge and are sponsored by the Kenya Bankers Association.
Should you miss a chance to attend face to face training, kindly note that you can take the online training and enhance your capacity to run your business. The online course is free and sponsored by the Kenya Bankers Association.