{"id":37709,"date":"2018-06-15T08:00:00","date_gmt":"2018-06-15T08:00:00","guid":{"rendered":"https:\/\/new.igihe.com\/kcb-bank-rwanda-in-a-new-drive-to-boost\/"},"modified":"2018-06-15T10:47:16","modified_gmt":"2018-06-15T10:47:16","slug":"kcb-bank-rwanda-in-a-new-drive-to-boost","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kcb-bank-rwanda-in-a-new-drive-to-boost\/","title":{"rendered":"KCB Bank Rwanda in a new drive to boost agricultural financing"},"content":{"rendered":"<p>This was revealed during the third host of Experts Talk by KCB Bank Rwanda, where Trade and Commodity Finance was the subject being discussed. The event saw customers from KCB Bank Rwanda including those involved in the value chain of the bank\u2019s corporate and SME business. <\/p>\n<p>The Managing Director of Ennovative Capital, Kefa Nyakundi, who was among the experts, was the one who introduced this innovative solution that will see suppliers of Corporate Institutions, receiving payment for goods and services offered, without having to wait for the stipulated credit period.<\/p>\n<p> \u201cIt\u2019s all about the use of technology to help SMEs access working capital by removing hurdles that they normally encounter when they go to banks to borrow for working capital. If well adopted and taken in whole, it is able to reduce the cost of accessing that finance and again is able to give SMEs that access more often than not. You do not need to give collateral, nor do you have to go through credit assessment processes. As long as you have a good buyer, then you have access to the value you have supplied at the earliest opportunity,\u201d Nyankundi explained. <\/p>\n<p>As participants appreciated the idea, KCB Bank officials revealed that they were in discussions on the innovative solution. <\/p>\n<p>Speaking to the press, Mpirwa Alex, the In-charge of Agriculture in KCB Bank Rwanda, said that KCB Bank Rwanda was set to launch a program dubbed KCB MobiGro, highlighting its commitment towards supporting the agriculture sector in the country.<\/p>\n<p>\u201cWe are reimagining and redefining the agricultural sector with a view of transforming agribusiness by accelerating financial services access. We believe that technology supported agribusiness is an emerging and fast growing frontier that will embolden the agricultural sector to be a stronger driver of economic expansion in the Rwanda\u201d said KCB Bank Rwanda&#8217;s Mpirwa Alex.<\/p>\n<p>He added that the mobile application purposely designed for farmers will start in September this year. <\/p>\n<p>Also at the event was Prosper Ndayirangije, the Country Director of Africa Improved Foods in Rwanda who shared his experience on managing the Value Chain in Agribusiness, commended the session as very educative. <\/p>\n<p>\u201cUsually, financing agriculture is taken as a great risk by banks because there are a number of risks they cannot predict such as climate change, whether they will be able to pay back, etc\u2026This session brought in spotlight the trader and farmer and the difficulties both parties and what solutions could be brought up.\u201d Prosper Ndayirangije said<\/p>\n<p>KCB Bank Rwanda launched the Expert Talks to boost uptake of bank products and access to finance, thus financial inclusion.<\/p>\n<p>The idea, according to Rosette Mutoni, the Corporate Communications Manager at KCB Bank Rwanda, was to create a platform where the bank can interact with customers, share their knowledge on how banks can work with citizens to improve access to finance and financial inclusion, as well as keeping them informed on the latest trends of the trading world.<\/p>\n<figure class=\"spip-document spip-document-25806 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/the_managing_director_of_ennovative_capital_kefa_nyakundi_who_elaborated_on_structure_trade_and_commodity_finance-2.jpg\" alt=\"The Managing Director of Ennovative Capital, Kefa Nyakundi elaborated on structure trade and Commodity Finance\" \/><\/figure>\n<figure class=\"spip-document spip-document-25801 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/also_at_the_event_was_prosper_ndayirangije_the_country_director_of_africa_improved_foods_in_rwanda_who_shared_his_experience_on_managing_the_value_chain_in_agribusiness-2.jpg\" alt=\"Also at the event was Prosper Ndayirangije, the Country Director of Africa Improved Foods in Rwanda who shared his experience on managing the Value Chain in Agribusiness\" \/><\/figure>\n<figure class=\"spip-document spip-document-25802 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/richard_manzi_country_manager_at_ace_global_depository-2.jpg\" alt=\"Richard Manzi, Country Manager at ACE Global Depository\" \/><\/figure>\n<figure class=\"spip-document spip-document-25807 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emmanuel_gahutu_from_rwanda_revenue_authority-2.jpg\" alt=\"Emmanuel Gahutu from the Rwanda Revenue Authority \" \/><\/figure>\n<figure class=\"spip-document spip-document-25805 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/liliose_nyiwankindi_customer_experience_managing_director_at_kcb_bank_rwanda_1_.jpg\" alt=\"The Customer Experience Manager at KCB Bank Rwanda, Liliose Nyinawinkindi, was the MC of the session\" \/><\/figure>\n<figure class=\"spip-document spip-document-25800 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/attendees_at_kcb_banks_rwanda_s_expert_talks_-2.jpg\" alt=\"Attendees at KCB Bank Rwanda\u2019s \u2019Expert talks\u2019\" \/><\/figure>\n<figure class=\"spip-document spip-document-25803 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ry6b6197-2.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>KCB Bank Rwanda has revealed that they were in discussions on an innovative solution that will see suppliers of Corporate Institutions receiving payment for goods and services offered, without having to wait for the stipulated credit period.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-37709","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=37709"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37709\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=37709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=37709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=37709"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=37709"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=37709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}