AB Bank Trains SME Business Owners

Published by IGIHE
On 19 June 2017 saa 05:16
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AB Bank Rwanda in partnership with EIB (European Investment Bank) Rwanda recently launched a series of Literacy workshops for small and medium enterprises (SMEs) in May. The latter saw a total of 20 business owners’ attending the workshop in which topical issues for SME’s such as Financing options, Record keeping, Loan utilization, Use of banking facilities, managing business expenses and budgeting were presented.

Mr. Ngando Fidele, the Training officer at AB Bank Rwanda commended the collaboration which bore fruitful results saying it will be sustained.

“We feel very lucky to have this collaboration with EIB and be able to offer this needed service to our customers. We will continue to organize these workshops for our business customers to ensure our goals in promoting financial inclusion are met,” he said.

Commenting on the partnership, Mr. Patrick Cyusa of EIB. “Participation, commitment and Contribution are the basis of success in any community.By collaborating with financial institutions, we support a more productive private sector.”
A business owner who attended the workshop had this to say; “We are grateful for financial institutions that are offering workshops to continuously teach us various ways we can better manage our businesses. AB Bank Rwanda is at the forefront of promoting financial inclusion amongst all its customers and we are confident our businesses will blossom.

During the workshop, a model business canvas was developed for each participant to facilitate their understanding of the various challenges faced by small businesses as well as capture the positive trend that the business can take when key issues are addressed. Participants were also offered a mentorship program after the workshop.

AB Bank is a member of a group of banks managed by Access Holding Microfinance AG (Germany). The Access Network comprises ten financial institutions located in Sub –Saharan Africa, the Southern Caucasus, Central Asia and South America. In Rwanda, AB bank has five branches namely Nyarugenge, Nyamirambo, Gisozi, Kimironko and Musanze

The vision of the bank is to be the “One Stop” provider of financial services to small and micro businesses.