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 Hand in Hand International

Hand in Hand International

Brief description

Traditional banks don’t make loans to subsistence farmers and teenage mums. Nor, for that matter, do most microfinance institutions, which typically require at least some kind of asset collateral. Hand in Hand’s Enterprise Incubation Fund is there to pick up the slack.

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Product

Credit – Enterprise Incubation Fund.

The fund is predicated on one simple truth: savings groups and skills training go a long way towards eradicating poverty, but they aren’t always enough. Without access to finance, most micro-entrepreneurs will never be able to expand their enterprises and lift themselves out of poverty.

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Contacts

Contacts;

 

 

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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