KCB and KNCCI have entered into a memorandum of understanding to offer multilateral support to Micro, Small, and Medium Enterprises and Corporates in Kenya.
The Micro, Small, and Medium Enterprises will access Financial Services from KCB Bank, undergo Capacity building and Mentorship through KCB Foundation Programs, and Showcase their work at targeted MSMEs Trade Fairs and Expos organized at the County level and National level.
Through Financial Services support, KCB will offer Payment and Forex solutions, Free Account maintenance for amounts above US Dollars 1,000 (Ksh 122,650) for KNCCI members, and Free Cash deposits to Foreign Currency Account up to US Dollars 10,000 (Ksh 1,226,500) for KNCCI members.
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The Kenya National Chamber of Commerce and Industry President Richard Ngatia said in a statement that the Chamber of Commerce is initiating a Program of bringing on Board Players from the Private Sector to offer Financing to Trade Initiatives in the Country to upgrade Kenya’s economy.
For non-financial benefits, KCB Foundation will provide MSMEs with Education on Business Finance, Training, and Partnership through Tujiajiri, Mifugo ni Mali & Agribusiness Programs, Business Incubation & Business Development Services, & Monitoring & Evaluation services.
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