Women in Kenya stay united to reap benefits from micro-loans

Monday, March 10, 2014

Women in Kenya are reaping huge from micro-lending institutions because of their ability to form groups and stay united.

The women, majority who are in groups commonly known as chamas, are the biggest beneficiaries of micro-loans in the East African nation.

The loans from microfinance institutions that range from as low as 58 U.S. dollars to 2,325 dollars have made them stay ahead of men in running small businesses.

In both Kenya’s urban and rural areas, women lead in operating small businesses that include vegetable stores, food kiosks and second-hand clothes and shoes stalls, thanks to micro-loans.

Source: Coastweek (link opens in a new window)

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Tags
financial inclusion, microcredit, microfinance, poverty alleviation