KCB Bank Kenya has opened the application process for the entrepreneurship reality show KCB Lions’ Den Season 3, providing another chance for entrepreneurs to tap growth opportunities. The 13-week process opened on Monday, February 19, 2018 and will close on Monday, May 14, 2018.
KCB Lions’ Den show allows local start-ups to pitch their business ideas to top investors, the Lions, to seek financing and mentorship in exchange of stake in their companies, effectively helping them catapult their enterprises to the next level.
“KCB Bank believes in providing opportunities to catalyse business growth,” KCB Group Marketing and Communications Director, Angela Mwirigi. “We aspire to see many entrepreneurs get the support they need not only in financing their businesses but also mentorship, which KCB Lions’ Den offers. We also desire to support numerous viable ideas become real businesses.”
The past two seasons have seen 59 entrepreneurs receive capital pledges of Ksh291 million from the Lions, with one business getting KSsh40million. The number of applicants increased from 5,000 in the first season to over 6,500 in Season 2.
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KCB Lions’ Den is in line with KCB Group 2jiajiri initiative that seeks to create job opportunities for the youth as well as up-skill them for self-employment while providing training, funding, marketplace and mentorship for future entrepreneurs.
The initiative aims at empowering 10,000 youth every year to start small businesses for the next five years, which is projected to create 50,000 direct jobs and at least 250,000 indirect jobs during the period.
The applications are now open online via www.kcb2jiajiri.com/lions-den. Applicants can also express interest by accessing forms from any of the KCB Bank Kenya branches across the country. The application is open to all entrepreneurs with businesses in any sector across the country.
