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Bank To Help Women Access Credit

Submitted by Eva.Ramokobala on Tue, 04/11/2008 - 13:49
in
Publisher: 
Business Daily
Publisher / Organization Main page URL: 
http://www.bdafrica.com/
Author: 
Beatrice Gachenge
Published Date: 
2008
Abstract: 
Women entrepreneurs are now a key focus in many developmental issues as a way to amply their numbers in the business world. The International Finance Corporation plans to help at least 400 women owned enterprises in Kenya to access credit by 2011.

In a partnership deal with the African Development Bank formalised in 2006, the private leading arm of the World Bank through the Growth Oriented Woman Enterprise programme, Gowe has so far approved 28 loan applications.

"Gowe helps women owned businesses grow by providing financing guarantees of up to $ 400,000 about Sh 32 million. Under the programme, 117 women entrepreneurs have been trained," said Ms Makena Mwiti, Senior Gender Co-ordinator-Africa Gender Enterprise Markets GEM.
Link to external site: 
Bank To Help Women Access Credit