Tuesday, November 28, 2006

Easy access to financing for MSMEs

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).


PETER said...

Can you let me know more about this coop.

Anonymous said...

hi, albeit two years late, kindly send me information on this sacco. thanks