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    Khusoko – East African Markets
    BANKING & FINANCE

    Stanbic, IFC Unveil DADA a  Financial Product for Women

    KhusokoBy Khusoko2019-06-24Updated:2019-08-291 Comment1 Min Read
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    Stanbic, IFC Unveil DADA a Financial Product for Women
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    Stanbic Bank has partnered with International Finance Corporation for a women’s banking proposition dubbed Dare to Aspire Dare to Achieve (D.A.D.A).

    Dorcas Kombo, Stanbic Holdings director said the bank has set aside KSh20 billion to lend to SMEs and women entrepreneurs to tap into it.

    “DADA will address women’s needs to borrow, save and the provision of financial information to unleash all entrepreneurial endeavour,” Kombo said.

    Charles Mudiwa, Chief ExecutiveStanbic said they intend to improve supplier diversity and grow their spend with women-owned businesses from 2% to 15%.

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    Khusoko

    Multimedia platform providing analysis of business & financial news in East Africa.

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