BUSINESSNEWS

NCBA Bank Zooms in on Eldoret, Reveals Newest City Took Ksh 300 Million in Loans

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NCBA Eldoret Branch
The customer engagement forum brought together over 150 entrepreneurs.
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NCBA has concluded a week-long regional engagement in Eldoret aimed at deepening its support for commercial and SME customers in the North-rift region. The tour included direct customer visits, market activations, and culminated in a high-level customer engagement forum that brought together over 150 entrepreneurs, the NCBA leadership team, and County government stakeholders.

This initiative is part of NCBA’s commitment to becoming the preferred financial institution for business across Kenya, particularly in high-potential regional hubs such as Eldoret. NCBA showcased its array of business solutions including working capital solutions, cash management solutions, asset finance, insurance, trade finance, bancassurance and investment advisory services.

Speaking on the engagements, NCBA Kenya Managing Director, Mr. James Gossip said, “Our purpose for conducting these tours is to get feedback from our customers to ensure that we provide solutions that match their unique needs. With customer obsession as a key focus for NCBA, we are ensuring that we understand our customers’ feedback to better support them to scale their businesses by meeting their dynamic needs.”

Uasin Gishu’s agriculture sector contributes a significant portion to the county’s Gross Value Added (GVA), particularly through maize production, dairy, and poultry farming, which are the key economic drivers. The county plays a vital role in the country’s economy, contributing about KSH 1.21 trillion to the national GVA), ranking it 7th among all counties.

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“We remain committed to walking this journey with our customers as they build businesses that power our economy,” said Mr. Dennis Njau, NCBA AG Group Director, Retail Banking.

NCBA Eldoret has served 8,200 customers since the merger 5 years ago, maintaining a 5% customer growth rate year on year, and disbursing an average of Ksh 300 million in loans. The branch offers asset finance solutions, LPO contract financing, working capital, and invoice discounting to its customers.

Further, the Bank also has a partnership Africa Guarantee Fund has enabled us to disburse Ksh  17 billion, providing businesses with the capital they need to expand. For our customers in the construction industry, we have curated property finance solutions that enable them to raise capital for residential and commercial development projects. The products are designed to offer contractors, developers, and suppliers of building materials the financial flexibility to deliver projects on time and at scale.

In addition, the Bank has tailored an array of Digital Cash Management Solutions for SMEs covering Connect Plus, which is a Digital Banking platform for SMEs and Corporates, Nyumba Zetu, a digital platform for rent collection and reconciliation for Landlords and Soma Plus, a digital platform that provides holistic solutions to manage schools payments to suppliers, salaries, school fees collection as well as Administrative Support for school programmes. Further, the Bank provides the NCBA Till payment solutions that facilitates easy payments collection for SMEs.

The engagements in Eldoret fostered closer collaboration between NCBA and the SME community by providing a platform for tailored financial solutions for businesses. Customers gained insights on how to leverage financial products and services to scale their enterprises and contribute to the local economy.

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Written by
BT Reporter -

editor [at] businesstoday.co.ke

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