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Absa eyes women SMEs with Sh10 billion fund
Public Service and Gender CS Margaret Kobia with Absa Bank Kenya CEO Jeremy Awori during the signing of a Sh10 billion loan fund for women-led SMEs on February 25, 2020. PHOTO | DIANA NGILA | NMG
Absa Bank Kenya has committed a Sh10 billion loan fund for women-led small and micro enterprises (SMEs) amid raising banking competition and calls for support of the sector by the government.
Customers will access loans of up to Sh3 million within a 48-hour turnaround period, facilitated through a new facility dubbed Wezesha Express.
