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Bank ink deal with Church to promote SMEs
Family Bank has today entered a partnership with Christ Is The Answer Ministries (CITAM) aimed at promoting the growth of micro, small and medium-sized businesses registered under the Church’s Business Community Forum.
Through a customised package on Biashara Boost, the businesses will be able to access capital, asset financing and trade finance solutions at a competitive rate, hassle-free whether for secured or unsecured loans and with up to three days turn-around time.
“This forum is a head start for MSMEs to be bankable. In addition, the growth of our country will take a collaborative effort of financial institutions and the MSMEs who form 33 per cent of our GDP today,” said Family Bank Chief Executive Officer Rebecca Mbithi. “We believe that this partnership will enable us as a bank to increase many MSMEs to the financial pool, increase inclusion and promote the growth of this sector,” she added.
“This forum is a head start for MSMEs to be bankable. In addition, the growth of our country will take a collaborative effort of financial institutions and the MSMEs who form 33 per cent of our GDP today,” said Family Bank Chief Executive Officer Rebecca Mbithi. “We believe that this partnership will enable us as a bank to increase many MSMEs to the financial pool, increase inclusion and promote the growth of this sector,” she added.
