At FINCA, our commitment to empowering entrepreneurs takes various forms, including participating in platforms that amplify knowledge, insights, and guidance. Recently, our Savings Manager Mulenga Chembo and Marketing Manager Donnaliya Ng’andu had the privilege of being part of an engaging Entrepreneurship Radio Talk Show at One Love Radio Station.

As a microfinance institution, we are driven by our mission to alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living. Our unique selling promise lies in our brand promise that inculcates the culture of financial literacy, but also providing it with warmth Trust and responsible banking.

During the radio talk show, we addressed essential topics that resonate deeply with small business owners. We explored the factors that FINCA considers when extending loans to entrepreneurs, emphasizing the importance of understanding each business’s unique needs and potential. Additionally, we highlighted the role of a credit score in securing financing, discussing ways to handle clients with lower credit scores and guide them towards improvement.

Undoubtedly, a well-structured business plan plays a pivotal role in steering any venture toward success. We underlined the relevance of a business plan in demonstrating vision, strategy, and financial feasibility. Whether it’s a startup or an established business, a solid business plan is a roadmap that guides growth and attracts investment.

As the conversation drew to a close, we offered valuable advice to small business owners: Embrace perseverance and adaptability. Entrepreneurship is a journey of constant learning, evolution, and seizing opportunities. To flourish, entrepreneurs must be open to insights, collaboration, and leveraging the right financial tools.

At FINCA, we are not just a financial institution; we are a partner in your journey towards success. Our participation in the Entrepreneurship Radio Talk Show reinforced our commitment to supporting small businesses by providing not just financial resources, but also guidance, knowledge, and empowerment.