Stanbic, IFC Unveil DADA a  Financial Product for Women

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%.