Stanbic Bank to empower women-led businesses with $195 mln in Kenya
Tuesday, 25 June 2019 16:56
Kenya’s Stanbic Bank announces it is making available to businesswomen a financing worth KSh20 billion ($195.8 million) to empower and support their activity.
Monies are granted under the “Dare to Aspire Dare to Achieve -DADA-” program the bank recently launched, and will be available from next year. Amount to be received by each lady depends on the activity sector.
According to MD Charles Mudiwa this initiative aims to increase Stanbic Bank’s women portfolio to 15% by 2020. He said most SMEs in Kenya are held by women.
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