ADVERTISEMENT
Africanian
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Kenya’s women entrepreneurs lack access to capital, study finds

Ndele explained that while there were some financial products on the market that were geared towards women, they did not include the sizable credit often required for manufacturing businesses.

in Business
Reading Time: 1 min read
1 0
0
Kenya’s women entrepreneurs lack access to capital, study finds
1
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Manufacturing contributes about 10 percent of Kenya’s gross domestic product but women account for only 17 percent of the sector’s workforce, according to the study by the International Centre for Research on Women and Kenya Association of Manufacturers published Tuesday.

“While government initiatives encourage enterprise development, most respondents reported difficulties in accessing those funds. Instances of sexual exploitation in exchange for credit facilities and compliance clearances were mentioned,” the report said.

As a result, most women-owned manufacturing businesses are still micro-, small- and medium-sized enterprises (SMEs) operating in the informal sector – unable to grow and enter the formal economy.

Ndele explained that while there were some financial products on the market that were geared towards women, they did not include the sizable credit often required for manufacturing businesses.

“The banking model was designed by men to support men and so a lot of lending policies and methodologies are very restrictive and do not favour women,” Ndele said during a webinar launching the report.

More

Kenya: Chinese Market a Major Boost to Kenyan Farmers

Equatorial Guinea: Online Visa System In Effect From February 1

Sudan Backs Controversial Ethiopian Dam on The Blue Nile

“There are few known financial institutions that have remodelled their business to incorporate the needs of women,” she added.

Source: aljazeera.com
africanian

africanian

  • Trending
  • Comments
  • Latest
Breaking News: Equatorial Guinea First Female Prime Minister Emerges

Breaking News: Equatorial Guinea First Female Prime Minister Emerges

January 31, 2023
Equatorial Guinea: Online Visa System In Effect From February 1

Equatorial Guinea: Online Visa System In Effect From February 1

January 31, 2023
Ivory Coast: Revered Ivorian Drum Seized by France Set to be Returned Home

Ivory Coast: Revered Ivorian Drum Seized by France Set to be Returned Home

January 31, 2023
South Africa: Zimbabwean Embassy Responds to Expiry of Exemption Permits

South Africa: Zimbabwean Embassy Responds to Expiry of Exemption Permits

February 4, 2023
USA: Pentagon detects second Chinese balloon over Latin America

USA: Pentagon detects second Chinese balloon over Latin America

February 4, 2023
China Says it Regrets “Accidental” Balloon Overflight, Blinken Cancels Trip to Beijing

China Says it Regrets “Accidental” Balloon Overflight, Blinken Cancels Trip to Beijing

February 4, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.