Small enterprises urged to register with Chamber of commerce to access 200B Kitty

A past photo of Kitui Chamber of commerce Chairman Duncan Singi. Singi has urged enterprises not registered with the Kitui chamber of commerce to do so, so that they can benefit from 200 billion Kitty secured through Equity Bank in partnership with KNCCI (Photo credit -Courtesy)

Small and Medium Enterprises in Kitui County have been given a duration of one month to register themselves with Chamber of Commerce Association Kitui County so as to access the 200 Billion Kitty announced last week to be rolled out to registered members in partnership with Equity bank.

Addressing the press on Tuesday Chamber of Commerce Kitui County Chairman Duncan Singi requested the small and medium enterprises and traders in the county to turn out in large numbers and register themselves with the association.

“All small enterprises and traders in our county who have not had an opportunity to register with the chamber of commerce Kitui county should do so within a month for their own benefits,” he said.

Singi noted that the Kenya National Chamber of Commerce and Industry announced their partnership with Equity Bank that saw Equity establish a KSh. 200 billion kitty for Chamber Member enterprises to facilitate and sustain their businesses through this COVID-19 pandemic.

While unveiling the kitty, the lender said borrowers who qualify for the credit line must be appraised. They must also be members of the Kenya National Chamber of Commerce and Industry (KNCCI). Terms of the loan include a repayment period of up to three years with single-digit interest rates which are below market rates.

” I want to take this opportunity to thank our chairman in the whole country Mr. Ngatia for securing a 250 billion loan from equity bank which will enable all the businesses in the country financially during this period the country has been hit hard by the pandemic, ” Singi added.

“If you have not renewed your chamber I urge to do so because the monies will be given as from June so we as business people in Kitui county should turn out in large numbers, ” The Chair urged members.

The chairman further asked traders to observe the set guidelines by the Government in the fight against COVID-19 and ensure when attending to customers they observe social distancing as well as maintain hygiene.

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