Small and medium enterprises (SMEs) are critical for the economic and social development of emerging markets. These businesses generate income and create the majority of jobs—between 70 and 95 percent of new employment opportunities—in emerging economies. SMEs are more likely to generate jobs, and at a faster pace, when they have access to finance.
Yet access to financial services for SMEs remains severely constrained in many developing countries like Uganda, restricting business growth. Owners and entrepreneurs report access to capital to be one of their toughest challenges, one that sometimes outranks electricity shortages and other concerns.
At Yako Bank, we understand the challenge this entrepreneur faces, that’s why we have gone ahead to extend a line of credit at very friendly interest and repayment period to enable these big economic growth contributors a shot.
We have supported SMEs in agriculture, food processing, supply and logistics, value addition (machinery), and so many more. Visit our branches to discuss your financing needs for your Small and/or Medium enterprise.