The Inuka Enterprise Program is a program sponsored by the Kenya Banking Industry, through the Kenya Bankers Association to support Micro, Small and Medium sized businesses. It consists of the MSME training program to equip MSMEs with skills to develop and run sustainable businesses as well as improve their chances to access loan facilities from banks.
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. The program's definition of MSMEs is available here.
Through the programme’s training, you will be able to gain knowledge and learn key skills to help you run your business efficiently, expand your market rich, increase your profit margin and consequently enhance your ability to access finance from banks.
Entrepreneurs who successfully 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 training events in Nakuru and Nairobi, at the Kenya Institute of Management (KIM) designated training centres in these two cities. Look out for upcoming face to face training events on the Face-to-Face Training page. We recommend that you book your slots early for any upcoming events as the tickets run out fast! The face to face training sessions are free of charge and are sponsored by the Kenya Bankers Association.
Incase you miss a chance to attend face to face training, all is not lost. You're welcome to take the online training course which is fully sponsored by the Kenya Bankers Association. Upon successful completion of this course, you will earn a certificate of completion. If you meet bank loan requirements, KBA will support you to access bank finance.
The eLearning course is free of charge for MSME entrepreneurs and is fully sponsored by the Kenya Bankers Association.