The Kenya Commercial Bank (KCB) has set aside K250 billion to fund women entrepreneurs in the next five years.
The funding will be targeted to women-led and owned Small and Medium Enterprises (SMEs) across the country.
To unlock this, KCB Bank has already eased credit requirements and documentation such as security to support businesses in a transformation that will guarantee faster loan processing periods. Additionally, women entrepreneurs will be able to get non-financial support extended by partner organizations.
Under the Ksh50 billion a year platform, Female-Led and Made Enterprises- FLME, KCB Bank seeks to support entrepreneurship, job creation, and strengthen its outreach towards unique market segments like businesses owned or run by women.
