UNDP, Local Banks Partner

Boitumelo Mbaakanyi
Boitumelo Mbaakanyi

United Nations Development Programme (UNDP) has signed a Memorandum of Understanding (MoU) with six local banks to prioritize access to funding for small and medium enterprises (SME).

Through the UNDP Business Supplier Development Programme (SDP), the partnership with the six financial institutions, Stanbic Bank, ABSA Botswana, Bank Gaborone, Standard Chartered Bank, Citizen Entrepreneurial Development Agency (CEDA) and the National Development Bank (NDB), will extend beyond the provision of loans and credit.

The financial institutions have also extended additional offerings of savings accounts, SME employee accounts, financial literacy training and workshops, as well as bank-led mentorship and business development programmes to the participants, providing a holistic package for the SMEs.

Editor's Comment
Congratulations Anicia Gaothuse!

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