T
Originally published by The Standard Business
📰 Read Full Article
October 28, 2025
6d ago

Empowerment loans helping women power businesses

Empowerment loans helping women power businesses

Women across the country have received loans and participated in capacity building and applied the knowledge gained to enhance the quality and value of their products...

✨ Key Highlights

The Women Enterprise Fund (WEF) has transformed the livelihoods of countless Kenyan women by providing accessible credit and financial literacy, enabling them to expand their businesses and achieve financial independence. Since its inception in 2007, WEF has disbursed over Sh28 billion to more than 2.25 million women across all 290 constituencies.

  • Lucy Mbugua, initially selling fermented porridge, grew her business significantly after connecting with WEF through her group, Design Women Group, accessing loans that progressed from Sh100,000 to Sh750,000.
  • The WEF loans are interest-free, requiring only a six percent administrative fee, making them highly attractive compared to commercial bank alternatives.
  • Groups typically start with a Sh100,000 loan and can progressively access up to Sh750,000, with a repayment rate of 95 percent.
  • Approximately 60 percent of WEF loans support women in agriculture, while also fostering ventures in crafts and various trades.
  • Peris Mumbi's Dandora-based group has utilized WEF loans to expand into sisal value addition, creating products like kiondos and other handmade baskets.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article