Accessing Finance in Kenya

Most women in Kenya work in the agricultural sector and produce most of the agricultural produce in the country. However, when it comes to accessing credit and other forms of agricultural finance, women’s access drops quickly.

Within the non-agricultural sector of the informal economy, women are also very active in informal cross-border trade, where they are involved in a large volume of the goods traded across borders. Similar to those in the agricultural sector, women in informal cross border trade face several huddles in accessing finance.

Public and private institutions in Kenya have identified women’s challenges in accessing finance and have established various programmes to bridge the gap.
angle-left Ardhi Sacco Society Limited

Ardhi Sacco Society Limited

Brief description

The Society was registered in 1971 and to date it has members from all the government ministries and institutions, private sector, groups and individuals who qualified as per the society by-laws. Its mission is to provide exceptional services to attract and retain savings and offer credit for the improvement of the economic lives of members.

Read more:

 

Product

Development Loan

Collateral

No collateral security required

Duration

Repayment period: 1 to 72 months.

 Ceiling amount

Members are entitled to 3 times savings.

Requirements

  • No supporting documents required.

Product

School fees loans

 

Brief description

Granted for the purpose of paying school fees. The loan is paid directly to the member. Bankers Cheques can also be issued on request.

Duration

Repayment period is 1 to 12 months.

Ceiling amount

Maximum of KES 100, 000

Requirements

No supporting documents

Product

Emergency Loan

 

Brief description

Granted for any unforeseeable circumstances beyond the members control. The loan is granted depending on the member’s ability to pay. It is granted up to KES 100, 000 on daily basis.

Duration

Repayment period 1to 18 months.

Ceiling

No ceiling on the amount applied.

Requirements

No supporting document required.

Contacts

 

Head Office Survey of Kenya                                                                            Ruaraka off Thika Road,                                  

Nairobi-Kenya                                                                                            Phone: +254 20 2644888/ +254 722 209851/+254 730 725 000              Email:                                                                                                                  Website:

50 MAWSP

 

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information

 

50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story