Minister Kitutu Lauds Stanbic Bank For Backing Women-Led Enterprises

Posted by: Kyeyune Andrew Jonathan in Business May 3, 2022

State Minister for Environment and the Woman Member of Parliament for Manafwa District has lauded Stanbic Bank Uganda for its financial and non-financial services package.

These have been aimed at supporting women-led enterprises to sharpen their competitiveness in the marketplace.

The Minister was Chief Guest at financial literacy and access to finance training, attended by women in business at the Manafwa District Headquarters, on Saturday.

“I want to commend Stanbic Bank for not just focusing on big businesses but also finding time and creating financial support packages to support small businesses such as women-led enterprises—indeed, this is the best way to drive Uganda’s growth,” she said.

In recent events, the bank partnered with IFC to launch ‘Stanbic For Her’. It is a financial and non-financial package designed for women in business offering education, information, networking, and market linkages support. All that is in addition to access to affordable business loans.

Speaking at the same event, Stanbic Bank’s Sarah Nansikombi said, “we understand the challenges faced by our customers in the different market segments. That is why through Stanbic for Her, we are keen on supporting women-led enterprises to succeed.”

Through Stanbic for Her, the bank is also offering four different financial benefits. These include savings, investments; transactional and borrowing linked to products.

However,these are tailored to common profiles of women in business and aimed at addressing access to credit-related bottlenecks they face.

Non-financial benefits for participating women include financial literacy training, cash flow, and management of working capital.

Others are loan management, managing savings and debt, and mentorship. In addition to that, advisory services extended by Stanbic with support from IFC and Stanbic Business Incubator.

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