Management Innovations successfully piloted a mentoring program with 17 SMEs whose credit applications had been turned down by various Banks.
The mentoring program was jointly funded by Bank of Africa & GIZ.
- All 17 SMEs started preparing & maintaining business records
- The Bank approved 5 credit applications for loans
- 12 SMEs developed skills in Banking regularly
- All SMEs demonstrated growth-oriented entrepreneurial behavior
- 14 reported significant increase in profits