Family Bank in partnership with the Ministry of Gender under the Women Enterprise Fund offers Kenyan women affordable loan products to boost their upcoming businesses. This Fund is a revolving fund for women above the age of 18 years.
Family Bank recognises the role and potential of women in shaping and realizing a better future for our country. Thats why the bank has partnered with The Women Entreprise Development Fund to provide this loan to our customers.
- Over Kshs 500,000 needs approval from Family Bank W.E.B board
- Low interest rate of 8%.
- Personal accident insurance for account holders
- Extended banking hours
- Availability of cheque books and ATM card
- Insurance against death and permanent disability
- Training opportunities in business
- Competitive interest rate charged on loans
- Loan amounts of up to Kes. 500,000/-
- Flexible security requirement such as household items
- Flexible monthly repayments of up to 24 months
- The loan will only be available to women above the age of 18 years.
- It is accessible to both individuals or women groups.
- The applicant or group must demonstrate ability to payback the loan
- Must have started and run a business for at least 3 months prior to loan application to qualify for the loan