×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

How banks can hack arid-based small businesses with products

Vocalize Pre-Player Loader

Audio By Vocalize

Farmers producing Seed Maize in Weiwei, West Pokot County stack maize cobs in sacks ready for shelling at the Weiwei Seed Processing Plant. [File, Standard]

Mainstream financial institutions need to craft culturally sensitive products to penetrate small businesses in arid and semi-arid (Asal) populations, a public policy think tank has recommended.

These products, says the Kenya Institute for Public Policy Research and Analysis (Kippra), should go hand in glove with education, which the State-backed agency notes is a determinant of whether a startup will use internal or external finance in its business.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Why tougher capital rules are reshaping Kenya's insurance industry
Real Estate
New Sh400 million mall targets Nairobi's Eastlands retail boom
Business
Travellers to complete airport transactions via mobile money
Enterprise
How UAE's Sh130 billion AI initiative could transform African economies