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MESPT stands for “Micro Enterprises Support Programme Trust”. MESPT is a wholesale microfinance institution founded by the Government of Kenya and the European Union. MESPT works with intermediaries that provide financial services to improve the performance of enterprises. MESPT provides credit to financial institutions that already have a micro-finance lending programme. |
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The activities of MESPT are organized under three main components: Financial Services Component: that makes loans to financial intermediaries for on-lending to enterprises. Business Development Services (BDS) component: that will offer non-financial services to enterprises through intermediaries in areas such as product development, technology adaptation, market access and linkage, skills acquisition and productivity improvement. An Institutional Support and Capacity Building Component: that strengthens the ability of providers of financial services and BDS intermediaries to offer efficient and effective services. MESPT has successfully implemented the three components since 2003 for Financial services and 2007 for the Business Services and the Institutional Support and Capacity Building. |
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What is the overall objective of MESPT? |
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The overall objective of MESPT is to promote economic growth, employment creation and poverty alleviation through support to enterprises. |
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