NAIROBI, Kenya, Feb 6 – Neo-Banker Branch and Solv Kenya have partnered to roll out loans as well as business development support to MSMEs in Kenya.
Small businesses will also benefit from market linkages, which they maintain will bolster MSMEs growth by bridging the credit gap, providing financial guidance, and accelerating business linkages for entrepreneurs.
This includes the provision of a working capital of up to Sh1 million for MSMEs by Brach on Solv Kenya’s platform.
“Access to credit facilities and business support is key to unlocking the full potential of our MSMEs. The partnership is a significant step forward in achieving this goal,” Branch East Africa Managing Director Rose Muturi said.
“By combining our expertise, we will provide Kenyan entrepreneurs with the comprehensive support they need to scale their businesses and contribute to a more vibrant Kenyan economy,” Muturi added.
Solv Kenya CEO Dan Karuga said, “This partnership is a perfect alignment of our technological expertise and a testament to the power of collaboration in driving innovation and growth in Africa’s digital economy.”
“We are confident we will unlock new capital streams for SMEs, enabling them to scale efficiently. Together, we aim to reach out to more MSMEs and offer them convenient and affordable credit solutions that suit their needs,” Karuga added.
