In this episode of the Biig Africa Podcast, we sit down with Besong Enokenwa, banking and microfinance expert and Branch Manager at Afriland First Bank, to unpack what it truly takes to secure funding as an entrepreneur SME and build long-term financial stability.
As the private sector continues to drive sustainable development across Africa, Besong explains why banks prioritize credibility, structure, and trust not just ideas. We explore how SMEs and entrepreneurs can move from informality to structured growth, build strong banking relationships and position themselves for funding within today’s banking systems.
This conversation goes beyond bank loans and dives into personal finance, financial literacy, investment strategies, tax compliance, tax evasion and the discipline required to manage money effectively in business and in everyday life.
Whether you’re an entrepreneur seeking capital, a professional strengthening your financial foundation, or simply looking to better understand how banking systems work, this episode offers practical insights you can apply immediately.
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00:00 Introduction
01:22 Meet the Expert: Mr. Besong Enokengwa’s Background
04:00 The Core Pillar: Developing Financial Literacy
10:20 Navigating the Process: How to Secure a Bank Loan
11:07 The Hard Truth: Banks Fund Cashflow, Not Ideas
13:58 Strategic Partnerships: Managing Your Relationship with the Bank
15:20 The Foundation of Credit: Building Long-Term Trust
23:32 Account Maintenance: The Importance of Active Banking
35:00 Succession & Risk: How Banks Handle Deceased Clients and Families
#Banking #SMEGrowth #FinancialLiteracy #Entrepreneurship #BusinessStrategy #AfrilandFirstBank #Cameroon #Biigafrica #Biigafricapodcast
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