Barclays Bank woos small businesses with targeted training

JAMES KARIUKI | July 1, 2019

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Listed lender Barclays Kenya  says it is working on loan products tailored to the needs of Kenya’s small businesses after a nationwide survey revealed that most small and medium enterprises (SMEs) lacked credit facilities that understood their business model. “We are engaging individual SMEs with a view to providing the type of product that reflects their needs. SMEs need training on bookkeeping as many were owner-run,” Barclays Kenya business banking director Elizabeth Wasunna-Ochwa said. The lender reckons that its teams stationed across 36 counties will help the businesses deliver to larger firms.

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