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Bank partners with KNLS to train residents on Financial Management

Over 50 residents drawn from Eldama Ravine Town and its environs have benefitted from a business financial management training courtesy of a partnership between Kenya National Library Service and Equity Bank.

The residents who are majorly small business owners engaging in farming, boda boda and small eatery joints were trained on practices that will help them improve their business.

The trainees were taken through record keeping in business, business risks, insurance and general good business practices.

They were also taken through online business practices by Mr Daniel Kipkorir from the Mwachon Ajira Digital Center.

The small holder business people that included small business groups were further trained on how to avoid online and mobile phone fraudsters who are on the increase and targeting traders.

Mr Hillary Malel a financial agent from Equity Bank Eldama Ravine Branch warned the trainees against sharing their accounts details such as pins and ID number with strangers online as most of such callers are fraudsters.

He encouraged the residents to join the bank in its effort to mitigate the effects of climate change by planting trees as the bank was giving its customers free tree seedlings across the country.

The residents were also given insights on how to market their products and services online so as to improve their sales.

The trainees were encouraged to visit the Mwachon Ajira Centre in Torongo for free in depth training on online business and other facets of computer.

On her part, the Eldama Ravine Library Manager Mrs. Grace Locheria encouraged the participants to make good use of the Library by sending their children and even developing the reading culture for themselves.

She said that the facility which was opened last year has over 40,000 latest books which if utilized will improve the living standards of the locals.

Locheria said the partnership with Equity bank will improve the residents’ business as well as draw more people to use the library facility and called for similar engagements in the future.

By Christopher Kiprop and Amina Noor


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