Friday, 20 March 2015

Union Savings and Loans launches Business Clinic for SMEs

Union Savings and Loans launches Business Clinic for SMEsLack of capacity development, as well as the absence of proper business advisory services, have been identified as the major challenges confronting the growth and development of Small and Medium Enterprises (SMEs) in the country.

Though the sector has been touted as the catalyst to propel the country’s economic growth considering their source of income, employment and business convenience, many SMEs have failed to realize their potentials because of their inability to adopt strategic plans that can enhance their businesses.

The Managing Director of Union Savings and Loans, Mr. Philip Mensah, who expressed these sentiments during an official inauguration of an SME Business Clinic for small and medium businesses in the Ashanti Region, said the situation had led to the collapse and poor performance of many small enterprises in the country.

The SME Clinic is a novelty programme introduced last year by management of the bank to support the growth of businesses in the country by offering entrepreneurs free experts consultancy on how to effectively manage their businesses. Read More...


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