Kenya National Chamber of Commerce & Industry, Equity sign Memorandum of Understanding to offer 200 billion to Kenyan businesses.
The Kenya National Chamber of Commerce & Industry(KNCCI) and Equity have signed an MoU that has seen Equity Set aside ksh 200 billion for KNCCI members to access as part of the post COVID-19 financial support for businesses.
The partnership will see the two institutions provide a financial and training framework to a potential 3 million enterprises hence increasing their financial inclusion, access to credit and capacity building.
Under the agreement both parties will undertake joint activities to empower businesses financially and build their capacity, support through financial inclusion & business operation development programmes for our Members, training and capacity building on business management to be carried out to our members countrywide, develop monitoring and evaluation tools.
Speaking during the signing ceremony KNCCI President Richard Ngatia, highlighted a key priority of the partnership being to jointly work together to support the development of financial products that will address the needs of our members and those of Kenyan businesses
Equity Bank Chief Commercial Officer Polycarp Igathe said the bank’s priority was to help small business in surviving the financial crisis brought about by the COVID-19 pandemic and to help them create more jobs and wealth for the country.
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