Despite robust economic growth rates, rising levels of poverty across the African continent demonstrate the need for a more inclusive development agenda. Additionally, African businesswomen experience higher financial access barriers than their male counterparts. In this context, this Project facilitates AfDB´s Partner Financial Institutions (PFIs) to select and fund women-led and owned small and medium-sized enterpries (SMEs) and develop robust SME portfolios that ultimately contribute towards a robust and vibrant SME sector in Africa.
Frankfurt School experts are implementing the Project activities, which focus on technical assistance (TA) to:
Frankfurt School started the Project with market research and institutional assessments of Access Bank in Rwanda and Credit Bank in Kenya. This served as the foundation to develop women-responsive credit, savings and insurance products as well as non-financial services such as training and coaching for women entrepreneurs in partnership with local women associations and BDS providers. Based on the market research, women entrepreneurs have clear expectations from a women-responsive bank: “I want them to accompany me, grow with me” (Kenyan women entrepreneurs).