InvesteQ Capital expands to Western Kenya

Small and medium enterprises in western are set enjoy more financial services after setting of shop by yet another financial institution in the region. The region which was raw in terms of such services has witnessed the intensified network expansion by financing institutions of late with the latest entry of a new player.

InvesteQ Capital, a financial firm which focuses in financing small and medium enterprises has grown its network in western with Kisumu as its entry point and joining other SME financiers like Faulu Kenya and Kenya Women Finance Trust which are targeting small business people who have missed out on the opportunity of acquiring same financial services from the big commercial players.

During the official opening the chief executive officer, Mr. Dan Awendo said, the move to bring services closer to the people of Western Kenya region was key to them as a corporate in that, would spur the development of the region and SMEs as the move reduces the cost of logistics that the region has been endured for long in order to access financial solutions. He further noted, “We have been operating in Nairobi for over seven years while most of our clients have been from outside the and in particular Western Kenya and that is why we are bringing service closer to them,” said Mr. Awendo.

Western region now becomes the new frontier for entirely all financial institutions including banks seeking to tap the unbanked with Equity bank, Family bank having made entry earlier on. But according to Mr. Awendo, InvesteQ Capital will be targeting people who have business ideas but lack funds to execute those ideas in Western Kenya by devolving funds to the grassroots”. He further said the firm will continue in its quest of providing working capital, structured finance and other financial products that an SMEs may require to grow and be empowered economically.