Credit Bank Financing: Credit Bank PLC aims to give focus to women led businesses in a bid to enhance gender inclusivity by enabling the growth and development of Women and improving their accessibility to capital for growth and expansion.
Tapping into the initiative, dubbed Affirmative Finance Action for Women in Africa (AFAWA), that was jointly launched by the African Development Bank (AFDB) and other multilateral development bank partners at the 4th Global Gender Summit in Kigali.
The summit sought to deliberate and share best practices that catalyze investments to accelerate progress on gender equality and women empowerment in Africa and around the world.
Speaking to Mrs Betty Korir CEO Credit Bank, during the Global Gender Summit in Kigali-Rwanda “As Credit Bank we seek to be on the forefront in enabling the growth of women led enterprises. We anticipate to facilitate this by directing additional financing and leadership programs to women entrepreneurs.
The institution has developed financial technology products tailored to female customers and provide business support for owners of social enterprises. “Through social impact investors and partners, the bank is committed to ensuring support of women owned businesses”. She added.
Through the need to support women entrepreneurs and ease access to capital, AFAWA will leverage G7 donor resources to generate up to 3 billion dollars’ new lending to women entrepreneurs across Africa over the next five years.
About Credit Bank:
Credit Bank is a privately-owned financial institution incorporated in Kenya over 33 years ago operating under the tagline My Friend, My Bank, we believe in providing affordable and personalized solutions across several market segments.
Fully digitized bank headquartered in Nairobi with 17 branches dotted across the country. Bank channels are augmented by options of using alternate channels and we take pride in being a strong SME bank with a key focus in the different sectors .
Kudos Credit Bank for taking practical steps to address real gaps in the community. Affording access to financing to women entrepreneurs is definitely the kind of affirmative action that will have a lasting impact.