Be the First to get refreshing services here at iKonnect hubMore Details
23rd November 2021- Nairobi Kenya, Credit Bank PLC a SME based Bank in Kenya launched a women-based product dubbed elev8HER. elev8HER is a transformative program designed to unlock the potential of women entrepreneurs in Kenya.
The Program aims to equip women with business skills, offer them mentoring, expose them to networks, provide them with access to capital and equip them with the tools they need to succeed.
Speaking at the Launch the CEO of Credit Bank Ms, Betty Korir, affirmed that Women entrepreneurs through the elev8HER proposition truly have something that will boost their businesses, mitigate against business and household risks, have access to information both for their business and overall welfare.
“….one of the main hurdle to access formal financing for most women is the required documentation right from business registration, PIN among others that are now accessed digitally-through e-citizen. Our digital literacy program is aimed at addressing this hurdle, specifically equipping them with the required skills to access services digitally” Mrs. Korir Said
The digital literacy will literacy program will also make it easier for digital and remote onboarding for women entrepreneurs, making access to finance much easier.
Credit Bank will support over 10,000 women to develop their business management skills through access to a micro-learning portal. The Bank also aims to provide business management and financial literacy training to 500 women entrepreneurs using a bespoke blended learning approach. This will give women the knowledge, skills, and tools they need to gain better access to finance and move their business to the next level of growth.
The institution will provide intensive business support to 100 of the 500 women entrepreneurs through tailored business advisory sessions, advanced business workshops, mentoring, networking and links to financial services, investment, and markets.
In attendance to the launch the CAS State Department of Gender commended Credit Bank’s initiative noting that the Elevate Her Products would go a long way in empowering women SMEs in the country.
“Supporting women is critical for the survival of mankind. The contribution of women to the country’s GDP is enormous. If the banks can come in and train women SMEs then it would be very good because they would be able can make better investment choices”
The elev8HER program will target SMEs who meet the criteria of Women owned business with an ambition for growth. The business should be hitting revenues of KES. 1 million plus with an employee base of between 5-30 employees and have been able to build an innovative product within the agribusiness, energy, manufacturing and healthcare.
The program will include Bespoke Bootcamps, mentor matching that the bank will Match the entrepreneurs with our pool of expert mentors for ongoing advise as well as expert in residence that will see select entrepreneurs have experts visit their premises for one week one on one business support.
Empowering you to grow takes a special place at the heart of our operations. elev8HER is designed just for you and offers more than just financial solutions. We seek to be the friend you can bank on for your growth. Join elev8HER today and get exclusive access to:
With elev8HER, we have curated our motor vehicle insurance options just for you. We have the following options:
This insurance cover indemnifies you in respect of accidental damage including collision, fire, theft of the vehicle and third party liabilities.
This is a comprehensive insurance that covers your property against any accidental and unforeseen loss or damage. It offers a wide range of unique benefits depending on your needs. The following policies are available under this class among others:
This cover is suitable for you and your employees. You can now have peace of mind together with your employees with our medical cover. Credit Afya Health product is designed for both individuals and SMEs and offers the following:
Travelling the world? This cover is for you if you are travelling for leisure or business and offers you the following:
The cost of this cover is normally dependent on number of days of travel, country of destination, country of destination, your age and type of visit.
eHub is a platform designed to enable your small and medium sized enterprise (SMEs) scale and become competitive across industries. eHub provides a platform for you to network, learn and do business. Non-financial service package include access to e-hub for free/discounted rates:
Learn more here.
If you have run a small and growing enterprise for at least three years, this term loan is designed to meet your financing needs.
If you have run a micro and small enterprise between one and three years, this term loan is designed to meet your financing needs.
Sometimes cashflows are tight. This solution is meant to ease your cash operations in the short term. Access this financing with your LPO/LSO contracts. Open an elev8HER account for business transactions to build your business banking record.
Need quick cash? CB Konnect, our mobile banking app, gives you access to quick loans based on your transaction history with no security required.
HER Personal Account features:
HER Business Account features: