Muhimpundu Jacqueline, an Entrepreneur in Rwanda, explains her challenges with the pandemic and how she managed to overcome them

This video was originally posted on the SME Response Clinic. Muhimpundu Jacqueline, an Entrepreneur in Rwanda, to understand the challenges she faced due the pandemic and how she managed to overcome them.


Non-financial Services Were Instrumental in Growing Patricia Mwangi's Business

 

Patricia Mwangi is the Managing Director of Little Africa, a client of KCB Bank in Kenya and a member of its Biashara Club. Patricia talks about how the bank’s financial services and non-financial services including training, networking and international trade opportunities delivered through the Biashara Club have been instrumental in growing her business. This video was filmed, edited, and produced by ConsumerCentiX for IFC and FMO


How Wanjiru Mbugua turned her side hustle into a thriving business

Watch and listen to Wanjiru share her experience of participating in the KCB Women in Business training program and how it helped her transform her side hustle into a thriving business. This video was filmed, edited, and produced by ConsumerCentriX for IFC and FMO


KCB Bank

KCB Bank: Focusing on Women SMEs and non-financial services is a win-win for all

 

KCB Bank in Kenya explains how its tailored approach to the Women Small and Medium Enterprise (WSME) market – a combination of financial services and non-financial services including training, networking, and international trade opportunities – is delivering bottom-line benefits to both the bank and the WSMEs it serves.  ConsumerCentriX produced this video for IFC and FMO as part of a larger publication on the benefits of integrating NFS into a women-focused SME banking proposition


AMI

AMI Online Bootcamp: Tools for Managing Risk and Learning from Others - Mathew Rwahigi

The SME Response Clinic is a digital platform powered by ConsumerCentriX, Access to Finance Rwanda, and Rwanda Private Sector Federation to support small and medium enterprises in Rwanda struggling to adjust to the economic realities of COVID-19. To provide much-needed training opportunities for the entrepreneurs, the SME Response Clinic joined forces with the African Management Institute.

Testimonial: Matthew Rwahigi, Owner, Thella Café – Saturday May 30, 2020

Matthew Rwahigi, a small business owner in Gisozi, was hit hard when the COVID-19 lockdowns began in Kigali. Luckily, as a participant in AMI’s trainings for small businesses, he learned the skills to negotiate with suppliers and his landlords and to make the tough decisions needed to help his business survive.

“The conversations and hearing from other colleagues through the AMI workshops, you feel like you’re not alone. At first I thought maybe I was in the wrong business, this was a bad idea, I just burnt my savings for no good reasons. But then you hear other people and you feel that you are in this with so many others. It gives you the strength to stay the course and find the resources to manage.”

What was most valuable for you about the AMI trainings?

First, I learned to focus on learning how to manage a business. I got to focus a bit on my business. Since I Getting to focus a bit – I hadn’t done business in the past, I did not have the tools and skills to plan and make tough decisions, like having to lay off staff.

Second, I benefited from networking and finding out what other people are going through. I learned a lot from this. I really value the community of business people and their input, because if my business is going to survive, I need these relationships. Now at least I have some knowledge, and if my business doesn’t survive, and if I started another business I would be better informed, and more empowered.

How has AMI supported you?

AMI is there when you need to ask a question, to give you tips and ideas. There is an online business portal with tools and courses, and these are important in continuing to build skills.

“The AMI group really helped us in empowering us to feel that this is not the end of the road, to have a feeling that yes, there is a pandemic but you can still try to tune your business up a bit to survive the pandemic, and even have an opportunity to continue after the pandemic.”


African Management Institute

AMI Online Bootcamp: Tools for Managing Risk and Learning from Others - Yannick

The SME Response Clinic is a digital platform powered by ConsumerCentriX, Access to Finance Rwanda, and Rwanda Private Sector Federation to support small and medium enterprises in Rwanda struggling to adjust to the economic realities of COVID-19. To provide much-needed training opportunities for the entrepreneurs, the SME Response Clinic joined forces with the African Management Institute.

Testimonial: Yannick Tuyishime, CEO and co-founder of Tsapal Company Ltd

Yannick Tuyishime is the CEO and co-founder of Tsapal Company Ltd, a footwear and apparel manufacturing company since late 2019.  The company was brand new when the COVID-19 pandemic hit, but participating in the AMI Bootcamphelped to keep business afloat during crisis.

“When we came up with the idea for our company, we saw that there are many problems in the community that we can do something about. The first is that there are high rates of unemployment in Rwanda and in Africa. The other is that we see that we can do something that can do boost Made in Rwanda products. Import taxes are high in Rwanda, and so by increasing Made in Rwanda products we can fill the gap by bringing prices down and manufacturing locally.”

With the AMI Bootcamp, Yannick learned how to better manage cashflow, negotiate with his landlord, improve communications between staff and with customers, and assess and plan for risks. This allowed him to receive a reduction on rent during the worst part of the lockdown, as well as to keep all staff employed by making some salary reductions as well as cutting down on unnecessary costs. The company even reduced some of the product prices so as to keep customers on board and not lose them during the pandemic.

Yannick encourages other Rwandan entrepreneurs to attend AMI’s courses and upcoming Bootcamps so that they too can benefit from the toolkit and learn to manage risks, negotiate with customers and suppliers, and bring larger visions to fruition while dealing with today’s challenges.

“I appreciate the AMI Bootcamp because now I record weekly all of our expenses in the business and use the project management plan. The other thing is that I’ve learned how to assess some risks – like in this time, what I’ve learned from AMI bootcamp is that I can sit down and see what is not going well, what is going well, in cash management. I can make an action plan to meet the risks that I’ve assessed. Wholeheartedly, I can’t thank AMI enough and I encourage everyone to attend AMI Bootcamps and for those who have already attended to take some of the other courses that they provide. When someone wants to grow a business sustainably the AMI bootcamp will really help.”


Online Business Bootcamp

AMI Online Bootcamp: Tools for Managing Risk and Learning from Others - Justine Ntaganda

The SME Response Clinic is a digital platform powered by ConsumerCentriX, Access to Finance Rwanda, and Rwanda Private Sector Federation to support small and medium enterprises in Rwanda struggling to adjust to the economic realities of COVID-19. To provide much-needed training opportunities for the entrepreneurs, the SME Response Clinic joined forces with the African Management Institute.

Testimonial: Justine Ntaganda, Owner, La Corniche Hotel in Rubavu and Nyabihu, and Salma Nkusi, Manager (it is a family business)

Justine Ntaganda and Salma Nkusi operate the “La Corniche” hotels in two locations in Rwanda, Rubavu and Nyabihu. The hospitality and tourism industry has been hard-hit by the COVID-19 pandemic and the mother-daughter team has found that the AMI trainings have provided an opportunity to take a step back, learn new business skills, and make decisions that will help the hotels to thrive in the future.

What was most valuable for you about the AMI trainings?

“My daughter Salma and I have benefited enormously from the tools shared by AMI. For me personally, the advice shared on tools for better collaboration helped us to choose to use “One Drive” to share information. The tool for analyzing clients’ needs was also an interesting exercise during this time because demand has changed a lot. It is important that we adapt and continue to do our business.” ~ Justine Ntaganda

With the AMI tools, we are now able to check our books on a weekly basis, track cashflow and be accountable. Now, we even have a meeting on a weekly basis with our staff using the data and make decisions about where we stand. Where do we need to cut, for example?

These tools are helping with day-to-day management and the trainings have provided content in an understandable way. What’s more, the session on goal setting has been very great. Now as a team we talk and think together about our long-term goals and put them in writing as well. This helps us to prioritize and to decide how we will track our progress together.

“AMI is pushing me towards the implementation of all of these new ideas that I had but weren’t written down, and didn’t have a timeline –the tools are great, and looking at budgeting of the organization is something that we need to have in place for banks in terms of funding, too.” ~ Salma Nkusi

How has AMI supported you?

For us, it has been like going back to school, only for our personal growth and for the benefit of our business. AMI has helped us create a budget, and not only that, but to learn how to communicate with our staff so that they clearly see that there are reasons that we make the financial decisions we need to make.

One other interesting area of support from AMI is their “A New Rise” daily meditation. It’s another way to start your day by clearing your mind, breathing, and planning instead of waking up and feeling as if you are just facing emergencies.


VIDEO | Introducing the COVID-19 Business Information Hub

To provide the much-needed information and solutions for Ugandan entrepreneurs struggling with the financial consequences of the pandemic, Stanbic Bank has partnered with ConsumerCentriX on the Covid-19 Business Info Hub.


VIDEO | Introducing the SME Response Clinic

To support entrepreneurs in Rwanda struggling to adjust to the economic realities of Covid-19, the Rwanda Private Sector Federation has partnered with Access to Finance Rwanda (AFR) and ConsumerCentriX on the SME Response Clinic.


Consumer first - understanding customer first

Understanding the Customer First

Through our consumer insights, we can effectively guide financial institutions and fast-moving consumer goods companies towards developing brands and products that resonate with customers. Watch the video to learn more.