|About||Inuka Enterprise is a program sponsored by the Kenya banking industry to support Micro, Small and Medium-sized businesses|
Inuka Enterprise is a program sponsored by the Kenya banking industry to support Micro, Small and Medium-sized businesses (MSMEs).
MSMEs remain a principle driver of real economic growth and regional development, resulting in industry innovation and job creation. Despite their potential, entrepreneurs and business owners face numerous challenges in a complex and dynamic market environment. Access to financing, as well as limited capacity to leverage market opportunities and grow their businesses, are two fundamental concerns that entrepreneurs grapple with.
The banking industry, through the Kenya Bankers Association (KBA) member banks, has therefore invested in this program towards supporting business clients to Inuka their businesses and gain the most from banks.
The SME Support Facility or enterprise development lending scheme will see banks commit Ksh 30 billion worth of capital extended to Micro, Small and Medium sized enterprises (MSMEs) at 14 percent, fixed on a reducing balance basis for a two-year period.