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 , unse