Indefund equips SMEs

Indefund says it believes that a well trained business person is a better client.

Indefund operations manager Davie Kavinya said in an interview last week in Mzuzu where his organisation conducted a two-day entrepreneurship and financial management training for small and medium scale enterprises (SMEs) most of whom are also the fund’s clients.

Kavinya said vibrant SMEs can only exist if there is adequate and sustained exchange of investment information and financial advisory
services to clients.

“These days there are many emerging business concepts that clients need to know which is why it is important that we share such concepts to create a vibrant entrepreneurship,” said Kavinya.

Indefund is a development finance institution that helps to bring out the development potential of Malawian entrepreneurs by financing and giving them advisory services.

Kavinya said Indefund also provides financial advisory services to clients for them to know what it takes to be a successful entrepreneur, adding that
the idea of the workshops was for SMEs to succeed with the loans they get from the fund.

Indefund was established in 1981 with the aim of contributing to the socio-economic development of Malawi through the provision of finance and advisory services for the setting up, expansion and modernisation of enterprises owned and controlled by indigenous Malawians in the SME sector.