Over 700,000 women benefit from KCB's Sh250b kitty for SMEs

KCB Bank Kenya MD Annastacia Kimtai (left), Business Network International National Director Elizaphan Muraguri (centre) and Diana Ninsiima from Uganda Network cluster during the business forum in Naivasha. [Antony Gitonga, Standard]

Over 700,000 women in the country have benefited from the Sh250 billion kitty established by KCB Bank to support Small and Medium Enterprises (SMEs).

According to the lender, over Sh178 billion has been disbursed to women to boost their businesses in the wake of emerging challenges in the financial sector. KCB Bank Kenya Managing Director Annastacia Kimtai said the fund was established to support women entrepreneurs who make up the majority of businesses in the country but only enjoy 10 per cent of financial support.