Dealing with dwindling income during COVID-19

Dealing with dwindling income during COVID-19 By Sumac Media TEAM You may be worried about falling into financial difficulties during this difficult Covid-19 period. For example, if your income drops due to coronavirus restrictions or you incur unexpected expenses, you may find you don’t have enough to cover your usual outgoings. Sumac Microfinance Bank CEO […]

A survival plan for small businesses during Covid-19 pandemic

A survival plan for small businesses during Covid-19 pandemic By SUMAC Media Team There’s no doubt that small businesses will be the hardest hit from the current COVID-19 pandemic. The bigger businesses have a better chance of surviving; however, small businesses tend to live only with a few months of cash flow (at most), so […]

Why farmers need agribusiness loans to grow

WHY FARMERS NEED AGRI-BUSINESS LOANS TO GROW Farmers in Kenya can only be successful if their businesses are financially sound. Most farmers struggle in our economy because of lack of available credit in the form of agribusiness loans. The truth is that without these loans, it is almost impossible to independently succeed. Agribusiness loans go […]