{"id":40988,"date":"2021-12-06T17:25:02","date_gmt":"2021-12-06T17:25:02","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=40988"},"modified":"2021-12-06T15:07:12","modified_gmt":"2021-12-06T15:07:12","slug":"stanbic-funded-21000-smes-in-public-private-supported-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-funded-21000-smes-in-public-private-supported-report","title":{"rendered":"Stanbic funded 21,000 SMEs in public-private supported – report"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Stanbic Bank through a Public-Private partnership with government supported over 21, 000 small businesses and individuals, according to its 2020 Report to Society.<\/p>\n

Through the accelerator programme it seeks to support Kenyan businesses by providing individuals and enterprises with digital literacy and career development training as well as funding and access to job markets.<\/p>\n

Through its Financial Fitness Academy (FFA), the bank has supported individuals and small businesses to understand how to better manage their wealth.<\/p>\n

It partnered with Microsoft and established an e-learning platform for community training as well as up skilling people who lost jobs due to the Covid-19 pandemic.<\/p>\n

\u201cAs a bank we made a pledge to catalyse Kenya\u2019s socio-economic growth. We remain committed to this promise,\u201d Stanbic bank Kenya chief executive, Charles Mudiwa said.<\/p>\n

He said that by collaborating with strategic partners from the government and private sector, they managed to create an impact in the lives of many individuals and enterprises through their social, economic and environment (SEE) initiatives.<\/p>\n

The report highlights the bank\u2019s contribution to driving the country\u2019s growth through education, job creation and enterprise development, financial inclusion, health, infrastructure, trade and investment as well as climate change and sustainable financing.<\/p>\n

\u201cOur goal of establishing the accelerate programme was to address a significant skill gap in the country by boosting entrepreneurship and the employability of citizens,\u201d Stanbic bank Kenya head of foundation, Pauline Mbayah said.<\/p>\n

The bank restructured loans to the value of Sh40billion, extended repayment holidays to 7, 203 clients and lowered interest rates saving customers Sh665million.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Stanbic Bank through a Public-Private partnership with government supported over 21, 000 small businesses and individuals, according to its 2020 Report to Society. Through the accelerator programme it seeks to support Kenyan businesses by providing individuals and enterprises with digital literacy and career development training as well as funding and access to […]<\/p>\n","protected":false},"author":84,"featured_media":40987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-40988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nStanbic funded 21,000 SMEs in public-private supported - report - kenya<\/title>\n<meta name=\"description\" content=\"Stanbic Bank through a Public-Private partnership with government supported over 21, 000 small businesses and individual ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-funded-21000-smes-in-public-private-supported-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stanbic funded 21,000 SMEs in public-private supported - 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