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.

OKASH

About Okash

 Okash is a Micro-lending product of Opay, a Fintech subsidiary of Opera group, the maker of the popular Opera mini browser.     OKash makes it easy to access credit anytime, anywhere. You can borrow KES 2,500~50,000 from OKash and receive the cash via M-Pesa. It’s believed to be a fast, convenient and reliable way to access credit when needed.

Brief description of the loan

Business loan

Interest rate

Interest rate (maximum): 24% per year

 

Collateral

Credit score

 

Duration

the shortest tenor is 91 days, the longest is 365 days

 

Repayment terms

Monthly/daily/weekly

 

Requirements

 

Contacts

help@o-kash.com or call 020-7659988.
Facebook page: @OKashOfficial
Address: Kalamu House, Westlands, Grevillea Grove, Nairobi City, Kenya

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