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US$15M Fund launched by WomenWork and MasterCard Foundation to offer credit to Kenyan women-owned ventures

us m fund launched by womenwork and mastercard f

the Co-founder WomenWork Network, reveals that the Rebuild program will offer insightful milestones while providing an opportunity to support women entrepreneurs in the community who are hard-hit from the effects of Covid-19.

Daniel Hailu, the Regional Head Eastern, and Southern Africa at the MasterCard foundation pointed out the risk exposure for women-owned businesses during normal times, a situation that could only have exacerbated with the pandemic. " We all need to take extraordinary measures in response, becoming even more intentional about supporting women-led enterprises and safeguarding the jobs they create."

The loan program is open for businesses stretching across all key sectors provided they can prove operations for over 6 months, over 51% female shareholding, less than 50 employees, and makeover 5 million in revenues annually. Successful applicants in the Rebuild Program will get the payments made directly to their mobile money accounts.

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