Visa in a Move to Boost Kenyan Small, Micro Businesses( SMB) Education
Visa, the world’s leader in digital payments, has announced the expansion of Practical Business Skills to help small and micro business (SMB) owners make confident, informed decisions to grow their businesses.
In a press release, the digital payment company said the resources are available in English for SMBs in Kenya, as well as in Arabic, French and Spanish, to increase global accessibility.
Role of Visa in SMB Education
Visa’s one-stop entrepreneur education website comes in the midst of the current economic crisis caused by the COVID-19 pandemic that has impacted millions of SMBs locally.
The website is expected to provide tools for SMB-owners to aid in keeping their businesses afloat and to identify opportunities for potential growth amidst the situation.
Corine Mbiaketcha, General Manager for Eastern Africa at Visa, noted the significant role SMBs play in Kenya’s overall economic health.
“SMBs are the backbone of Kenya’s economy. It is crucial to empower SMB-owners with knowledge, skills, and access to services that support them in rebuilding -or starting- stronger, digitally-enabled businesses,” said Mbiaketcha.”
Practical Business Skills is part of Visa’s commitment to providing resources and knowledge to help drive inclusive, sustainable and equitable economic growth for entrepreneurs, businesses and communities here in Kenya and around the world,” she added.
Practical Business Skills is built on Visa’s global expertise in financial education and offers growth-minded entrepreneurs tools to help start, manage and expand a business. With more than 50 online learning modules, the platform addresses the needs of various business lifecycles.
The platform is part of Visa’s commitment to providing resources and knowledge to help drive inclusive, sustainable and equitable economic growth for entrepreneurs, businesses and communities here in Kenya.
The platform also offers SMEs access to a video library with lessons and resources businesses can easily download and customize, such as calculators to manage cash flows or determine the cost-benefits of a taking a loan.