Credit Bank Leverages On Ksh300 Billion Donor Funds To Support Women Businesses In Africa

From left Credit Bank CEO Betty Korir amongst other delegates during the Global Gender summit in Kigali Rwanda. [PHOTO/ COURTESY]

Credit Bank has spread its wings to support women business in Africa, after inking a deal with Affirmative Finance Action for Women in Africa (AFAWA) today.

AFAWA was launched today in Kigali by the African Development Bank (AFDB) and other multilateral development bank partners at the 4th Global Gender Summit.

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 (Ksh300 billion) for lending to women entrepreneurs across Africa over the next five years.

“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,” said Mrs Betty Korir CEO Credit Bank.

Read:  Credit Bank Pledges Support To Women-led Businesses

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.

“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,” added Mrs Korir.

The institution has developed financial technology products tailored to female customers and provide business support for owners of social enterprises.

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