{"id":106336,"date":"2023-11-06T20:31:24","date_gmt":"2023-11-06T20:31:24","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms"},"modified":"2023-11-06T21:04:31","modified_gmt":"2023-11-06T21:04:31","slug":"gulf-bank-and-agf-to-fund-women-run-firms","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms","title":{"rendered":"Gulf Bank and AGF to fund women run firms"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Gulf African Bank and African Guarantee Fund (AGF) have partnered to fund women owned enterprises and green businesses.<\/p>\n

Support will target women-owned enterprises and green businesses involved in renewable energy and eco-friendly products.<\/p>\n

This, the bank said will help it scale up its activities by ensuring that it gets collateral to cover loans and improve SMEs loans in Kenya.<\/p>\n

The partnership is the first Shari\u2019ah compliant credit risk guarantee scheme in Sub-Saharan Africa.<\/p>\n

Gulf African Bank\u2019s MD Anuj Mediratta said that the partnership with AGF for a special credit scheme will enable SMEs easily get loans especially for those who lack collateral.<\/p>\n

“Through this partnership, we are going to finance more SMEs thereby allowing them to play their role in driving Kenya\u2019s economic growth,” said Mediratta.<\/p>\n

The partnership is also set to help Gulf African Bank support women-owned enterprises and green businesses involved in renewable energy and eco-friendly products.<\/p>\n

It will also align with Shari\u2019ah principles and contributes to climate action and SDG 17 for sustainable development.<\/p>\n

“Our partnership will promote enterprise growth in Kenya by enabling access to quality and affordable credit for SMEs that qualify for credit facilities sought, but lack adequate collateral,” said African Guarantee Fund’s CEO, Jules Ngankam.<\/p>\n

The agreement received support from the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), boosting financing for women-owned SMEs.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Gulf African Bank and African Guarantee Fund (AGF) have partnered to fund women owned enterprises and green businesses. Support will target women-owned enterprises and green businesses involved in renewable energy and eco-friendly products. This, the bank said will help it scale up its activities by ensuring that it gets collateral to cover […]<\/p>\n","protected":false},"author":84,"featured_media":106335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-106336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nGulf Bank and AGF to fund women run firms - kenya<\/title>\n<meta name=\"description\" content=\"Gulf African Bank and African Guarantee Fund (AGF) have partnered to fund women owned enterprises and green businesses. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gulf Bank and AGF to fund women run firms\" \/>\n<meta property=\"og:description\" content=\"Gulf African Bank and African Guarantee Fund (AGF) have partnered to fund women owned enterprises and green businesses. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T20:31:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T21:04:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/11\/sm_1699291915.771698.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gulf Bank and AGF to fund women run firms\",\"datePublished\":\"2023-11-06T20:31:24+00:00\",\"dateModified\":\"2023-11-06T21:04:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/11\/sm_1699291915.771698.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gulf-bank-and-agf-to-fund-women-run-firms\",\"name\":\"Gulf Bank and AGF to fund women run firms - 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