NIC Bank today announced a partnership with Strathmore University that will see members of the Bank’s Business Club access SME courses at the university at a discounted rate. Under the partnership, Business Club members will also get access to business seminars and workshops across the country at no cost, allowing Business Club members to tap the opportunities that devolution has unlocked.
According to the MOU between NIC Bank and Strathmore University, NIC Bank customers who are members of its Business Club will enjoy a 37.5 per cent discount on the university’s tailor-made SME courses.
Speaking during the announcement of the partnership, NIC Bank Group Managing Director John Gachora said: “As a financial institution we are cognisant of the challenges SME face in terms of knowledge gaps in areas such as sound businesses practices, managing working capital, delivering cash flow and preparing financials. That is why it is critical for us to have a strong knowledge partner such as Strathmore University to assist with training.”
As part of its offering to the Business Club members, NIC Bank organizes annual overseas trips targeting key trade routes into and out of Kenya. These international business trips allow the Bank’s customers to not only establish business contacts in key import markets, but also gain global exposure, which is important in today’s interconnected world.
Last year, NIC Bank took 94 customers to China, a key import market. This year the Bank intends to take 117 customers on international business trips.
“We will partner with Strathmore University to provide customers visits to markets such as U.S., Japan, Turkey, Israel and South Africa. The Bank will also provide financing to members who go on these trips to allow them to import merchandize for their businesses,” noted Mr. Gachora.
Business matching forums by Strathmore and NIC Bank will also be accessible to members of the Business Club. They will act as networking platforms for the Banks SME’S to develop mutual business relationships.
This partnership has revitalized the NIC Business Club, and the Bank is now engaging its SME customers to sign up to the Club and enjoy the new privileges that the partnership has introduced.
This is part of the Bank’s strategic shift to deepen its presence in the SME and Retail Banking sector. The move is also aimed at providing added value to customers, in line with the Bank’s vision of Building Prosperity Together.