Most women in Kenya work in the agricultural sector and produce most of the agricultural produce in the country. However, when it comes to accessing credit and other forms of agricultural finance, women’s access drops quickly. How Women Enterprise Fund Works
Within the non-agricultural sector of the informal economy, women are also very active in informal cross-border trade, where they are involved in a large volume of the goods traded across borders. Similar to those in the agricultural sector, women in informal cross border trade face several huddles in accessing finance.
| About Women Enterprise Fund | Women Enterprise Fund
Established in August 2007,Women Enterprise Fund is a Semi-Autonomous Government Agency in the Ministry of Public Service, Youth & Gender Affairs. It provides accessible and affordable credit to support women start and/or expand business for wealth and employment creation. |
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| Loans provided | ||
Constituency Women Enterprise Scheme (Tuinuke Loan) |
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| description | This is a loan product at the constituency level or otherwise. It is given out through registered women groups interested in expanding or starting new businesses. | |
| Interest rate | CWES loan is interest-free, with only 5% administrative fee | |
| Collateral | Social guarantee | |
| Grace period | 1 month | |
| Duration | 12-24 months depending on the cycle | |
| Repayment terms & Ceiling amount | CYCLE AMOUNT (Ksh) REPAYMENT PERIOD
1st Cycle 100,000 12 Months 2nd Cycle 200,000 12 Months 3rd Cycle 350,000 12 Months 4th Cycle 500,000 15 Months 5th Cycle 750,000 24 Months |
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2. LPO Financing |
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| Brief description | This is a product tailored to serve women by increasing their capacity to respond and adequately service tenders thus meeting supply requirements. The loan will be available to individual women owning enterprises or women owned companies | |
| Interest rate | A one-off administration fee of 5% of the loan amount | |
| Collateral | Bank guarantee, shares or motor vehicle | |
| Duration | Tenure of 90 days | |
| Repayment terms | Within 90days | |
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| Requirements |
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3. Bid Bond Financing |
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| Brief description | The Fund has initiated the tender security/bid bond product to aid women in Kenya in achieving requirements of the tendering process. This is a product that is available to individual women who may own enterprises or women owned companies. | |
| Interest rate | N/A | |
| collateral | N/A | |
| Grace period | N/A | |
| Duration | N/A | |
| Repayment terms | Commission of 1% of the guarantee amount subject to a minimum of Kshs. 1,000 | |
| Ceiling amount | Minimum amount Ksh 50,000
Maximum amount Ksh 2,000,000 |
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| Requirements |
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