SME - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

KCB secures Ksh12.9bn EBRD funding for SME lending

Sacco ReviewJuly 30, 202604 mins

KCB Bank Kenya has secured Ksh12.9 billion (US$100 million) from the European Bank for Reconstruction and Development to expand MSME lending. Women and youth owned businesses will receive 35 per cent of the funding, while 30 per cent will support green investments. The facility will also provide technical assistance to strengthen KCB’s green financing and…

NCBA General Manager for Branch Business in the Western Region, David Wasamba

NCBA, Kabarak University launch programme to boost SME growth

Sacco ReviewJune 16, 202603 mins

Local small and medium-sized entrepreneurs are set to benefit from a four-month business development programme launched by Kabarak University in partnership with NCBA Bank Group at the university’s Nakuru campus. The initiative aims to equip entrepreneurs and investors with practical business skills, market knowledge, and emerging trends to help them navigate the increasingly competitive business…

Tana River County allocates Ksh10M for SME loans

Sacco ReviewOctober 27, 2023October 27, 202301 mins

The County Government of Tana River has set aside Ksh10 million this Financial Year 2023/24 for loans to enable small-scale traders to expand their businesses. Kenya National Chamber of Commerce and Industry (KNCCI ) Tana River county branch chairman Hassan Barisa revealed that the money, which is a revolving Fund, will be disbursed from next…

This is why Saccos fear lending to SMEs

Sacco ReviewJuly 18, 2023September 19, 202305 mins

During this year’s National Cooperatives CEO’s Workshop in Mombasa organized by the Co-operative Bank, the Sacco heads decried lack of adequate information about SMEs as a hindrance to getting loans as their inability to keep records pushed them away from investing. In addition, most SMEs have a poor saving culture, denying them the banking history…

SMEs appeal for help to venture into sustainable productions

Sacco ReviewJune 5, 2023June 5, 202304 mins

Small rural based enterprises, especially women groups in Embu county, have appealed for help from various experts in the cooperative movement to help them create ecofriendly products. One such enterprise is Kiritiri Kwimenya Self Help Group which makes eco-friendly Kiondo bags from sisal fibre. The bags are mainly sold through barter trade with maize growers…