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#InukaSME Tweet Chat with Kenya Bankers Association and Kenyan Wall Street

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The Kenya Bankers Association and Kenyan Wall Street partnered on 30 November 2018 to educate business owners on financial management through#InukaSME Twitter chat.

The full day initiative saw Kenyans learn critical aspects of running and sustaining a business, accessing credit facilities and taking advantage of financial infrastructures put in place to support Small and Medium Enterprise facilities.

Most small business owners lack formalised approaches to dealing with business issues. The @InukaSME program was initiated by KBA to empower entrepreneurs with skills that set them up for faster and accelerated growth.

KBA suggested that new or established businesses need not necessary need loans to run their enterprises. Still, the country offers a myriad of credit facilities with no or minimal interest rate charges. One should explore all options before making a decision.

Others borrow loans at the wrong time of their business cycle.

Prudent planning was also mentioned as a key to business success.

The 2016 FinAccess Household survey noted that 17.4 per cent of Kenyans are financially excluded from formal financial access due to poor credit scores.

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