{"id":1273,"date":"2022-12-05T12:45:51","date_gmt":"2022-12-05T04:45:51","guid":{"rendered":"https:\/\/www.gochambers.com\/globalupdates\/?p=1273"},"modified":"2022-12-05T12:47:28","modified_gmt":"2022-12-05T04:47:28","slug":"kenya-national-chambers-of-commerce-and-industries-members-will-benefit-from-banks-loan-terms","status":"publish","type":"post","link":"https:\/\/www.gochambers.com\/globalupdates\/latest-news\/kenya-national-chambers-of-commerce-and-industries-members-will-benefit-from-banks-loan-terms\/","title":{"rendered":"Kenya National Chambers of Commerce and Industries Members will benefit from Bank’s Loan Terms"},"content":{"rendered":"

Over 50,000 Kenya National Chambers of Commerce and Industries (KNCCI) members, including women and youth-owned businesses, will benefit from Kenya Commercial Bank’s (KCB) affordable loan terms with purpose to grow their business.<\/p>\n

KNCCI and KCB formed a three-year strategic alliance, establishing a credit line for Small and Medium-Sized Enterprises (SMEs) across the country. The collaboration also included the KCB Foundation, which will provide financial capacity building to KNCCI members throughout the country.<\/p>\n

KCB Chief Commercial Officer Samuel Makome stated during the MOU signing that the partnership will enable the bank to serve as a catalyst for sustainable development by facilitating credit flow to the critical SME sector, including the Jua Kali (Informal industry).<\/p>\n

KNCCI is confident that the strategic partnership with the National Chambers of Commerce will address the financial and non-financial needs of SMEs in all 47 counties, providing critical financial intervention as the country accelerates its economic recovery efforts. Beyond the credit line, members of the KNCCI will benefit non-financial solutions, including advisory, networking opportunities, training, and free account maintenance fee for enterprises with over USD 1,000 in their accounts.<\/p>\n

The partnership, according to KNCCI President Richard Ngatia, will allow all 47 Kenya National Chambers of Commerce Chapters to access affordable credit flow to grow their businesses. The partnership with the largest bank in Kenya offers an opportunity to create a sustainable credit line KNCCI member\u2019s businesses growth.<\/p>\n

\"will
KNCCI President, Mr. Richard Ngatia<\/figcaption><\/figure>\n

KNCCI has over 50,000 members, with another 2 million MSMEs affiliated through associations.<\/p>\n

Members will benefit from financial services provided by KCB Bank, capacity building and mentorship provided by KCB Foundation programs, and the opportunity to showcase their work at targeted trade fairs and expos held at the national and county levels. The three-year partnership targets MSMEs in various sectors, including hospitality and tourism, retail, trade and manufacturing.<\/p>\n

Source : www.capitalfm.co.ke<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Over 50,000 Kenya National Chambers of Commerce and Industries (KNCCI) members, including women and youth-owned businesses, will benefit from Kenya Commercial Bank’s (KCB) affordable loan terms with purpose to grow their business. KNCCI and KCB formed a three-year strategic alliance, establishing a credit line for Small and Medium-Sized Enterprises (SMEs) across the country. The collaboration […]<\/p>\n","protected":false},"author":7,"featured_media":1275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[6,3],"tags":[15,29,441,24,75,442,254,443],"class_list":{"0":"post-1273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economic","8":"category-latest-news","9":"tag-business","10":"tag-chamber-of-commerce","11":"tag-kenya","12":"tag-loan","13":"tag-local-small-businesses","14":"tag-nairobi","15":"tag-small-business","16":"tag-sme"},"yoast_head":"\nKenya National Chambers of Commerce and Industries Members will benefit from Bank's Loan Terms - Chamber Listing Search Engine<\/title>\n<meta name=\"description\" content=\"Members of Kenya National Chambers of Commerce will benefit in banking loan terms, as pact agreed between two organizations\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gochambers.com\/globalupdates\/latest-news\/kenya-national-chambers-of-commerce-and-industries-members-will-benefit-from-banks-loan-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya National Chambers of Commerce and Industries Members will benefit from Bank's Loan Terms - 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