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 Financial Access

Financial Access

Brief description

Financial Access provides consulting, financial advisory and financing services to diverse clients including (impact) investors, PE firms, banks, specialized non-bank or microfinance institutions, international donor organizations and NGOs, development finance institutions and private companies.

 

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Short-term working capital to SMEs, agribusinesses and emerging entrepreneurs that have limited access to finance from mainstream Financial Institutions.

 

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Product

Supply Finance

 

Brief description

This product suits the SME who sells on cash terms and does not have the cash available to procure goods to grow their business. FACTS can help out by allowing for an effective late payment to their suppliers. A security deposit is required and FACTS only offers this product for limited facility sizes.

Requirements

  • Security Deposit - Cash

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Product

Supply Finance +

 

Brief description

This product suits the SME who does not have the working capital to procure from their suppliers and does not have any currently available eligible and approved invoices. For SMEs active in the Agri sector, this often is the case. FACTS can still provide working capital if the SME assigns its future sales to FCATS. A security deposit or hard collateral is often required during the first few months.

 

Collateral

Security deposit / Hard Collateral

Requirements

  • Future Invoices

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Product

Invoice Finance

 

Brief description

This product suits the SME who sells to local off-takers on credit terms and does not have the working capital to procure from suppliers. Based on the value of all eligible and approved invoices, finance will be provided. This means the more invoices uploaded on FACT’s system, the more financing an SME can obtain. No hard collateral is further required.

 

Collateral

None.

Requirements

  • Approved Invoices

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Product

International Factoring

 

Brief description

This product suits the needs of exporters who sell on credit terms. FACTS will finance eligible and approved invoices. As a result, exporters do not longer wait for their money to come in. Our membership at Factors Chain International provides us to help exporters with providing working capital based on importers domiciled around the globe. No hard collateral is further is required.

Collateral

None.

Requirements

  • International Approved Invoices

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Contacts

Financial Access East Africa Ltd.

Laiboni Centre 5th Floor
Lenana Road, Kilimani
Nairobi, Kenya
 

Tel. +254 7 2411 4111

 
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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