Exim Bank Wakes Up Sleeping Giant: Women Entrepreneurs

sleepinggiantwegg

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

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2 Responses to “Exim Bank Wakes Up Sleeping Giant: Women Entrepreneurs”


  1. 1 r March 18, 2009 at 5:35 PM

    I am sorry to correct you, especially when I was very excited to see such a great leap in Exim Bank thinking, but the bank in question is not the US agency for support of American exports, but rather a Tanzanian bank that goes by the same name as the informal moniker of the US agency. See the bank’s own site
    http://www.eximbank-tz.com/
    which is reachable from the member page of the GBA site
    http://www.gbaforwomen.org/default.asp?id=99

    I was especially disappointed, as I was planning on summarising your review on a website devoted to gender diversity.

    Yours,
    r

  2. 2 Laurel Delaney March 25, 2009 at 8:20 PM

    Thanks for pointing this out. Very misleading. But maybe a wake-up call not just for us but for USA Exim Bank!

    Much appreciation,
    Laurel


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