In an effort to alleviate the monetary burden confronted by Micro, Small, and Medium-sized Enterprises (MSMEs), Kintampo Rural Financial institution PLC, in collaboration with GIZ, have unveiled a tailor-made monetary product designed to help these companies for sustainable development inside the sector.
The brand new initiative, dubbed: ‘MSME Financing,’ goals to professionalvide inexpensive credit score alongside simplified cost methods and skilled monetary steerage, specifically addressing the distinctive challenges that always hinder MSMEs from accessing important monetary help.
Key options of the MSMEs financing product embody immediate disbursement of funds, decreased rates of interest, versatile reimbursement phrases, handy door-to-door money assortment, complete cell banking companies, and essential monetary literacy coaching.
The progressive financing solution is focused in the direction of formal associations, such because the Ghana Nationwide Tailors and Dressmakers Affiliation (GNTDA) and the Nationwide Affiliation of Beauticians and Hairdressers (NABH).
Talking on the launch, Mr Martin Mensah, Chief Government Officer of Kintampo Rural Financial institution, emphasised the financial institution’s commitment to leveraging the MSME financing product as a transformative software to empower native enterprises.
“By equipping these enterprisees with the mandatory monetary sources, we intention to uphold our dedication to empowering native communities for sustainable development,” he said.
The Bono East Regional Minister, Mr Francis Owusu Antwi, counseled Kintampo Rural Financial institution and GIZ for his or her progressive financing mannequin, which he described as pivotal for the expansion and improvement of MSMEs.
He then urged stakeholders, together with authorities companies, non-public sector leaders, and civil society organisations to collaborate in creating an enabling atmosphere that empowers these enterprises to rework the native financial system.
BY DANIEL DZIRASAH, KINTAMPO
