Training and micro loans help small businesses weather Covid - News Summed Up

Training and micro loans help small businesses weather Covid


The Micro-Enterprises Strengthened for Pandemic Adaptation and Resilience in Kenya (mSPARK) programme, launched by TechnoServe and the Mastercard Foundation, gives digital and financial support to micro, small and medium-sized enterprises to help them survive the pandemic. Muigai registered for the programme, received online business training for two months and was given a loan of Sh40,000 in November last year. With time, as Covid-19 infections reduced, business started picking up. The business started stalling, with important and basic drugs missing on the shelves, and he accumulated rent arrears. Through his networks, he heard about the mSPARK programme and registered for the training.


Source: Standard Digital June 12, 2021 06:56 UTC



Loading...
Loading...
  

Loading...