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Women traders push for unique loan collateral
Gulf African Bank on Kenyatta Avenue in Nairobi. Gulf African Bank has two women-only branches in Eastleigh, Nairobi and Mombasa and offers an express counter for women in most of their branches. PHOTO | FILE |
Women want financial institutions to relax lending conditions for their businesses especially because most lack tangible collateral.
Head of Women Banking at Gulf African Bank Najma Jabri said only about one per cent of women own property they can put as collateral.
