Exim Bank Wakes Up Sleeping Giant: Women Entrepreneurs

Exim Bank, known for supporting the financing of U.S. goods and services; turning export opportunities into real transactions; and, maintaining and creating more U.S. jobs (refer to their U.S. Small Business Exporters page), has just launched a unique women’s lending package which is part of its commitment to helping a sleeping giant segment grow and expand a business: women entrepreneurs.

The loans, issued to women entrepreneurs through Exim Bank`s retail banking regions and used for business start-ups, expansion, capital needs, or help with cash flow, according to the bank’s Marketing and Public Relations Manager, Christine Manyenye.

Referred to as Women Entrepreneurs Finance Program (WEF) — it has been designated to address some of the issues that impede women`s access to finance.

Exim Bank has already trained nearly 100 women in Moshi (e.g., a Tanzanian town), over 100 others in Arusha and more than 50 in Karatu. The Bank`s mission will proceed to Morogoro where they target 100 women, in Mtwara 75, Tanga 100, Mwanza, 100 and 200 in Comoro Islands by early April this year.

Exim Bank is a member of the Global Banking Alliance (GBA) for Women, a worldwide group of banks that are sharing best practices in order to accelerate the global growth and development of women`s businesses and women’s wealth creation.

Read more here.

Posted by: Laurel Delaney