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Sidian Bank to Make Trade Finance Popular Among SMEs

David Indeje is Khusoko’s Digital Editor, covering East African markets.
Sidian Bank Providing Covid-19 loans in bridging the service and financial gaps in the water, health and sanitation sector.

Inadequate access to affordable trade finance remains a challenge for Kenyan Small Medium Enterprises (SMEs) restricting them in accessing global markets.

However, Sidian Bank says it wants to be the preferred partner in realizing the entrepreneurial potential in the country by enabling entrepreneurs to create wealth through the provision of transformational financial solutions.

“We are on a journey of positioning Sidian Bank as the go-to bank for Trade Financing and with this solution, we will propel the business to onboard more customers to grow their businesses through our ease to access finances through our innovative products,” says Chege Thumbi, CEO Sidian Bank.

“We are enabling a business-friendly environment and opening new markets, to enable our clients to thrive as SMEs to meet their broad range of unmet needs.

Access to credit and innovative solutions is the key driver to growing SMEs in the country, making them more productive and with the latest knowledge of innovation incorporated in our products, this will be a game-changer for our SMEs,” he adds.

He was making the remarks after the Tier 3 bank was voted the Best Bank in Digital Banking in the country during the 2020 Think Business Awards.

The bank also emerged 2nd Runners Up Best Bank in Trade Financing, 2nd Runners Up, Best Bank in SME Banking, 1st Runners Up,  Best Bank in Agriculture and Livestock Financing, 2nd Runners Up, Best Bank in Internet Banking and 2nd Runners Up – Best Bank in Mobile Banking.

David Indeje is Khusoko’s Digital Editor, covering East African markets.

In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

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