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Chase Bank receives Sh2.5 billion to lend to women owned SMEs

Published on October 19, 2015

Chase Bank has received Sh2.5 billion to lend to women owned SMEs seeking to expand and grow their businesses. In partnership with International Finance Corporation (IFC) and the 10,000 women initiative by Goldman Sachs, Chase Bank received a credit line through the Women Entrepreneurs Opportunity Facility (WEOF) to disburse (25 million dollars) Sh2.5 billion s to Kenyan women entrepreneurs. To date, Chase Bank Kenya has already lent (10 million dollars) Sh1 billion to women-owned SMEs, most of which have been through collateral-free loans. Read more. Source | Standard Digital