Browsing: Standard Chartered Bank (Kenya)

• Standard Chartered Kenya has partnered with business accelerator Somo to launch a program that would allow women to access loans ranging between KSh250,000 and KSh2 million at an interest rate of 5%
• Disadvantaged women in Kenya have a chance of accessing small-ticket loans to support their businesses
• The loans, which are designed to help the women restore and revitalise their businesses, will be payable over a period of up to 3 years

Disadvantaged women in Kenya have a chance of accessing small-ticket loans to support their businesses under a plan by Standard Chartered Kenya in partnership with business accelerator Somo.

Women in business will be able to access loans ranging from KSh250,000 to KSh2 million, at an interest rate of 5 percent. The loans, which are designed to help the women restore and revitalise their businesses, will be payable over a period of up to three years.

StanChart said the …

The new small business capital funding solutions, which are powered by modern and cutting-edge financial technologies, possess the potential to help small enterprises with their funding problems.

By providing bespoke credit options and innovative loan solutions, these modern fintech lenders have the ability to transform the finance ecosystem for small businesses.

SCF lenders have a larger outreach among small businesses, which ensures quicker loan approvals and seamless transaction processing on scheduled schedules with flexible terms.

This is in comparison to large lending institutions, which have a far more limited customer base. SCF companies have differentiated themselves from traditional lenders by developing a tech-enabled operational interface.…