Credit Bank has pledged to focus and give support to women-led businesses in a bid to enhance gender-inclusivity and robust development.
Credit Bank recently partnered in awarding the women leaders during the Women in Business Awards 2019. The awards sought to acknowledge and celebrate Women in Business for their role and contribution in creating jobs and building the Kenyan economy through their innovations and enterprises.
Through the need to support women entrepreneurs and ease access to capital, the bank has also structured to provide Networking and mentorship forums for the women entrepreneurs in Kenya. These products and services are tailored to women’s needs, through loan products with favourable collateral requirements and products that include a social support network linking women entrepreneurs to one another.
New research from Boston Consulting Group (BCG) found that if female entrepreneurs received as much support as male entrepreneurs, the global economy could experience up to a $5 trillion boost, hence empowering women to start up business is an issue of global development too.
Through the awards they also recognized women that have played a major role in the achievement of the Big Four Agenda of the government and for the first time. The awards ceremony incorporated the fashion night that revealed the women in business flourish their creativity in beauty.
Women make up half the world population, and so too should they in the business world.
“Through the bank’s Entrepreneurship Hub, we anticipate to help direct 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 bank
has committed to ensuring support of women owned businesses,” said Pamela Mutembei Head of Business and Banking.
Women in business (WIB) on the other hand aims to bring together businesswomen from diverse sectors in the economy to help them grow as they encounter new challenges concurrent with the changes in their jobs and in the business environment that they operate in, at both county and national levels.