Browsing: Social-cultural restrictions

Absa Bank Kenya has announced a Ksh10 billion fund to advance credit to women-owned small and medium enterprises over the next five years.

The kitty comes as part of the new customer value propositions under the Absa brand.

The women fund is part of the bank’s commitment towards advancing diversity and inclusion by empowering women with financial resources and capacity building to grow their businesses.

The money will be availed to women entrepreneurs through the existing banking products including unsecured and secured loans, trade finance, asset finance, property finance and working capital facilities.

“Women form over 50 per cent of the local and global population and account for a significant percentage of the SME sector. However, their participation in the national economic development is often stifled by limited access to financial resources and social-cultural restrictions. We are confident that this proposition, coupled with the additional interventions we continue to make, …