Micro, Small and Medium Enterprises have always had it hard when it came to securing financing for working capital or expansion. Although personal loans have become more available in Kenya; they are still targeted to employees only leaving out MSMEs. This is to change with the launch of Genius Savings and Credit Cooperative Society. With Genius SACCO it will be easy for MSME businessmen to access low interest loans of upto K.shs. 0.5m (USD $ 7,000) with monthly contributions as low as K.Shs. 1,000 (USD 14).
A read I thought would be of interest: LITTLE might be known about Imran Khosla, but not so for those who frequent courts or those in the information and communication technology industry. His is a story of a young entrepreneur who has refused to sit and just wait for jobs to come but has decided with the little cash he has to start off his own business that is now giving birth to new ventures beyond what he had imagined. Now in his late twenties, Imran set up his first electronic shop which also sold computer accessories in 2008. “After hearing lots of stories about graduates who have had tormenting search for jobs to no avail, obviously that was not the route I wished to take. I wanted to create my own job, and be my own boss, this was the inspiration that threw me into the world of entrepreneurship, and four years on, I tell you all is well and you cannot believe it I have over ten employees, and whose turnover is running into fortunes now,” Imran says with a cheer. His journ...
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Can you let me know more about this coop.