Family bank rolls out exclusive women banking proposition to drive financial inclusion

-
NAIROBI, Kenya Sep 25...Family bank has set aside 50 billion on program dubbed 'queen Banking' kitty for the next two years to cater for diverse individual and business needs of women to promote women's economic empowernment and deepen financial inclusion in the country

The product is exclusive to businesses with at least 51 percent of shares controlled by women or 100 percent owned by women , businesses where women constitute of 30 percent of the board or more than 25 percent of senior management 

" We are of the partnership we have fostered with family bank since 2015 and today's launch of their new women banking proposition is supported by our capacity development initiative under the affirmative finance action for women in Africa (AFAWA) program" African Guarantee fund Group CEO Jules Ngankam said

Subsequently women can access up to KES 7 million secured and unsecured loans through Biashara boast , unsecured lending of up to 2.5 million , unsecured lending of up to 10 million for working capital 

Futhermore 2 million unsecured loan for Agri-business input loans , trade finance solutions, lifestyle benefits through strategic patnerships, chama savings and investment option as well as bundled insurance solutions 

"We recognize that Kenyan women needs access to financing growth and investment opportunities as well as education and information, networking with likeminded people businesses and individuals recognition and reward and this is what we will be able to offer through queen banking" said Family bank CEO Rebecca mbithi

"As a bank we are making a deliberate effort to serve the women owned and women led businesses that form over 40 percent of our client base" added Mbithi

Comments

Post a Comment

Popular posts from this blog

Chinese Language Teachers Association of Kenya encourages cultural exchange between Kenya and China

-
Image
Ms.Faith Mworia, Chairperson, Chinese Language Teachers Association of Kenya NAIROBI, Kenya  Dec 3...  The highly anticipated event brought together Chinese language teachers , delegates from Chinese embassy in Kenya and members of the public in celebrating Chinese language and culture. The association has over 200 teachers across different levels including primary,high school and tertiary schools teachers and lectures have managed to visit different schools teaching Chinese language and donated Audio-visual materials in enhancing the teachers teaching capacity  Furthermore, the event acted as a bridge building between the two cultures which symbolizes beautiful harmony that arises when diverse communities come together , It embodies the essence of cultural exchange,  fostering,  understanding and promoting unity between Kenyans and Chinese "As we celebrate 60 years of friendship between Kenya and China this year, we the alumni stand to be counted first as ambassadors
Read more

Chinese leader Xi Jinping respond to a letter from Kenyan students and alumni of Beijing Jiaotong University

-
Image
PHOTO: Xi Jinping, President The people's Republic of China. NAIROBI, Kenya Jan 26... The letter by representatives and alumni of Kenyan students at Beijing Jiaotong University to President Xi Jinping appreciating education they received in China Chinese Leader Xi Jinping lauded friendship of the two countries saying that Mombasa-Nairobi standard gauge railway (SGR) is a flagship project and succesful example of belt and road cooperation between Kenya and China Xi commending that it has made travel easier and created jobs for Kenyan people and strengthen regional connectivity as well as serving as a symbol of China-Kenya friendship and a hub for people to people exchanges "I am glad to see that this railway to happiness  has also created a bond between you and China making you not just witnesses and beneficiaries but also contributers and promoters of China-Kenya and China Africa friendship" said President Xi jinping The Chairman Kenya China alumni association
Read more

5th Edition of Chinese Spelling Bee competition attracts more participants

-
Image
PHOTO: Ms Faith Mworia,  Chairperson Chinese Language Teachers Association of Kenya (CLTAK) speaking during a past event  NAIROBI, Kenya Mar 16... The event themed "Bigger and Better" was organized by the Spelling Bee Secretariats Ms. Wanjiku Mbugua of USIU and Ms. Faith Mworia of Discovery Chinese Cultural Training Center and supported by the Chinese Language Teachers Association of Kenya ,The Kenya China Alumni Network and various Confucius Institutes. USIU- Africa University hosted the event which attracted Schools such as Woodcreek school, Statehouse girls, Juter academy, Discovery Chinese Cultural Training Center, Kitengela International school, Royal Brains school Ruaka and Bypass, The Confucius classroom USIU-Africa, Confucius Institute University of Nairobi and Confucius Institute Kenyatta University. Kenya China Alumni Association chair, Henry Rotich in his speech said that Kenyans who can communicate effectively in Chinese language serve as bridges betwe
Read more