A live ranking by US News and World Report in 2022 ranked Kenya as one of the best places to start a business in Africa. However, businesses in Kenya continue to face lack of adequate finance and limited access to credit.
Family Bank, whose key focus is lasered on SMEs, has over the years continued to help SMEs grow through the access of affordable credit. Just like a family unit, Family Bank has been keen on Kujenga SMEs for growth.
Samuel Njoroge Munyua, Director of Gatundia Concrete Ltd had a dream of starting a stone crushing plant which he shared it with the Credit Line team from Family Bank.
Upon consultation, Samuel took up a Letter of Credit where he was able to source for a stone crushing machinery. Family Bank paid for the machinery which was later shipped to the country and paid upon arrival at the port. Samuel has been able to since establish one of the largest stone crushing plant in Nyahururu.
Similar to Samuel, Loise Njoki Njage had a plan of expanding her rice business. In 2015, she received a loan from Family Bank and was able to import a rice milling machine from China which has been producing 80 tonnes a day for her business, Top Grade Rice Millers in Mwea. Consequently, during the pandemic Loise was also able to renovate her business, taking it to the next level.
Therefore, Family Bank is there for any need you may have for your business. From, overdraft loans, securing performance bids, providing Local Purchase Order financing to importations and cash advances for unpaid invoices, Family Bank is your recommended financial partner of choice to scale your small business to new heights.
Get in touch with Family Bank today and you can be part of the story. Njoo Tukujenge
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