Diamond Trust Bank (DTB) has rolled out an account targeting women-owned businesses to help them expand their ventures.
Dubbed Zawadi, women can access credit on favourable terms to grow their businesses from one stage to the next.
“The Zawadi account is specifically tailored to enhance financial literacy for women-owned businesses and inculcate necessary skills required to run their businesses effectively to enable them to take advantage of the financial opportunities offered by banks,” the lender’s director of sales, Dr Kennedy Nyakomitta said.
DTB has also introduced Chama, a unique account for small savings groups, enabling SMEs that open either of the accounts with DTB to access a credit facility after six months.
“We have also launched the Chama account to encourage groups and collectives to venture into enterprise development with the help of DTB. This is in line with our ongoing expansion efforts across the country as we seek to be more present with our communities,” he added.
The financial literacy training intends to build the SMEs capacity in financial and human resource management, strategic planning, marketing and communication to enable them do business better and especially attract the kind of finances they need to grow.
