The beneficiaries of Moto Hope Micro-Lending had their maiden business development training of the year on 9th February 2018 at Moto Hope Academy.
The one day free training recorded remarkable attendance by small business owners and farmers who were very eager and excited to learn. They also had the chance to meet and interact one on one with the MHML team: Vincent Njuguna Kiarie (Managing Director), Ian Magara ( Risk and Compliance), Damacklyne Wangis (Operations), Ruth Waithera Kamau (Operations), Dishon Mang’ara Njoroge (Operations) and Verarita Nasubo Wananyanga (Communications).
The trainer (Ian Magara) covered broadly yet simply Basic definitions of business terms, How to gain and maintain dominance in business as well as Relevant record keeping. Ian comprehensively demonstrated to the different business owners how to make their own simple business specific books of accounts; Sales and purchases accounts, Cashbooks and Profit & Loss accounts.
They were also provided with reading materials on all areas covered in the training for their own use and contact persons to engage in case of further clarification.
Aside from learning more about the history of MHML, and the soon to be rolled out Moto Hope Pension Plan the beneficiaries were encouraged to embrace Record keeping, a savings culture and strictly adhere to intended purposes of the loans they borrow so as to ensure maximum profit actualization and business prosperity as well as proper management of their personal finances.
Many members readily joined the Moto Hope SACCO whose terms and benefits they found to be friendliest of all SACCOs known to them. All of us at Moto Hope Micro Lending are encouraged by the high turn up and interest displayed in the first training this year and can’t wait for the next one. Knowledge is power!