At the 2024 Banking on Women Awards, Family Bank won the Access to Funding Award in recognition of its ground-breaking Queen Banking product. This esteemed award honours Family Bank\u2019s commitment to supporting women entrepreneurs by offering financial solutions that are tailored to their unique needs.<\/p>\n
The Banking on Women Awards highlight groundbreaking financial products that advance financial inclusion and inspire institutions to create more innovative offerings. This award encourages women to explore financial opportunities for enhanced economic independence.<\/p>\n
Rose Kamene, Head of Women Banking at Family Bank, expressed her enthusiasm for the accolade, stating, \"This award reflects our unwavering commitment to transforming the financial landscape for women in Kenya. Through our Queen Banking product, we provide women with crucial access to financing, growth opportunities, and investment resources, along with education and information. We also facilitate connections with like-minded businesses and individuals to support their success.\"<\/p>\n
Queen Banking is a comprehensive financial solution designed to address the diverse needs of women, promoting economic empowerment, and deepening financial inclusion in Kenya. The product helps women entrepreneurs access affordable funding, build financial resilience, and grow their businesses sustainably.<\/p>\n
\"This award is a testament to the untapped potential of women entrepreneurs. We are incredibly proud of the positive impact Queen Banking is making and look forward to expanding its reach to more women across the country.\" She said.<\/p>\n
Through Queen Banking, women can access up to Ksh 7 million in secured and unsecured loans through Biashara Boost, and up to Ksh 2.5 million in unsecured lending for community-supporting piped water businesses. Additionally, the product offers up to Ksh 10 million in unsecured loans for working capital and school construction, up to Ksh 2 million for agri-business input loans, trade finance solutions, and lifestyle benefits through strategic partnerships. It also includes chama savings and investment options, as well as tailor-made insurance solutions.<\/p>\n
In the past year, the Bank has allocated Ksh 50 billion to address the diverse needs of women, further promoting economic empowerment and financial inclusion in Kenya.<\/p>\n
As a leader in the financial sector, Family Bank remains committed to its vision of advancing financial inclusion, empowering communities, and driving economic growth through accessible and affordable financial services.<\/p>\n