The clear separation between business and personal finances while you grow your side hustle to enterprise instils the necessary discipline required and is one of the key steps for a successful business. This is why Commercial Bank of Africa (CBA) through its digital banking service, Loop, is offering budding entrepreneurs financial advisory sessions through a series of events dubbed PassionEnt.
PassionEnt is a platform that facilitates interaction and networking of like-minded individuals who have been brought together as a group for a common purpose of business growth.
“The purpose of these events is to network and provide expert financial advice in partnership with Centonomy. Hearing about the business experiences from the successful Afro Pop band Sauti Sol and their peers who have succeeded or are succeeding, will drive them to continue to pursue their passion. With the knowledge received from PassionEnt, CBA Loop gives them the necessary tools to continue growing their business into prosperous enterprises.” said Eric Muriuki, CBA’s General Manager – New Business Ventures (NBV).
Launched in March 2017, Loop, offered through mobile and web applications, allows for online account opening anytime, anywhere. It comes with a MasterCard Debit Card that is internationally accepted and linked with exciting offers.
It has a personal financial management feature that enables customers track, plan and analyse their income against their expenditure on a regular basis, with the analysis graphically presented. Customers can also access loans of up to Ksh.3 Million, invest or set up savings goals to help one achieve short and long term aspirations.