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 Asili Sacco Limited

Asili Sacco Limited

Brief description

Established in 1972, Asili Sacco Society Limited is registered under the Cooperative Society Act Cap 490. The society initially was for members from the Ministry of Natural Resources but now, it is open for all. Its mission is to continuously mobilize member’s savings for provision of sustainable competitive financial services.

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Product

Okoa Loan

Interest rate

8.5%per annum

Duration

Twenty-Four (24) Months

 Ceiling amount

No limit

Product

Ordinary Normal Loan

Interest rate

8%per annum

Duration

Thirty-Six (36) Months

Ceiling amount

No limit

Product

Special Normal Loan

Interest rate

7.5% per annum

Duration

Forty-Eight (48) months

Ceiling

No limit

Product

Super Normal Loan

Interest rate

8% per annum

Duration

Sixty (60) months

Ceiling

No limit

Product

Maendeleo Loan

Interest rate

11% per annum

Duration

Seventy-Two (72) Months

Ceiling

No limit

Product

Jipange Asset Finance Loan

Interest rate

10% per annum

Duration

Sixty (60) months.

Ceiling

No limit

Product

Instant Normal Loan

Interest rate

10% per annum

Duration

Thirty-Six (36) months

Ceiling

No limit

Contacts

 

Asili co-op Centre
Ngara Road, Nairobi
P.O. Box 49064-00100,                                                                    

Nairobi-Kenya.
Phone: +254 722 472823/ +254 733 472823
Email:                                                                             

Website:

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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