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 CFC - Stanbic

CFC - Stanbic

About CFC-Stanbic Stanbic Holdings plc, formerly known as CfC Stanbic Holdings Limited, is a financial services organization in Kenya. The Group's headquarters are located in Nairobi. Under the DADA project, CFC Stanbic will not only offer women financial solutions that are specific to their needs, they will also provide them with value-add services that will equip them to aspire and achieve. 
The group has set aside a product named DADA – Dare to aspire dare to achieve for women. It is a product by the bank that is about empowering and growing women in Kenya. It is aimed at advancing their financial confidence with the intent of building a community of likeminded women who are empowered to dream, act and make a difference from an individual, business and community respective.

Brief description

CFC Stanbic group has set aside 20 billion for the DADA program. The DADA offering includes:

Financial Offering:

  • Borrowing: offering both short- and long-term loans
  • Save: Tailored saving solutions
  • Protect: A wide range of insurance options – Life, Key-man, Health, Education
  • Invest: Creating wealth, preserving wealth and investing.

Non-Financial Offering:

  • Education: Providing tailored financial literacy and business management skills
  • Information: Industry insights, seminars and forums
  • Networking Opportunities- Access to markets, SME platforms and idea hubs
  • Reward and wellness- Health Clinics and CSR support.
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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