Kenya: Kingdom Bank introduces Faidi Dada to meet the financial needs of women

Kingdom Bank has introduced Faidi Dada, a tailored banking solution crafted to address the unique financial requirements of women.

The newly launched product represents a holistic banking solution that embodies empowerment, prosperity, and the nurturing essence of women within our communities. It acknowledges and addresses the distinct challenges and opportunities that women face in managing their finances.

The women’s banking solution encompasses a comprehensive range of services, including specialized financial products, personalized advisory services, and exclusive networking opportunities. From customized savings and investment accounts aligned with women’s objectives to expert guidance on wealth management and financial planning, Kingdom Bank is committed to assisting women in realizing their financial goals at every phase of life.

In addition to its core financial services, Kingdom Bank’s Faidi Dada solution encompasses initiatives aimed at fostering financial literacy, entrepreneurship, and leadership development among women. The bank is committed to exploring strategic partnerships with women-focused organizations and community outreach programs, with the goal of cultivating a more inclusive and equitable financial landscape for women worldwide.

The launch of Faidi Dada highlights Kingdom Bank’s steadfast commitment to catalyzing positive change and promoting economic empowerment. By equipping women with the necessary knowledge, resources, and opportunities to flourish financially, Kingdom Bank is not only investing in the success of individual women but also bolstering the overall prosperity and resilience of communities.

Kevin Mutisya, Kingdom Bank Head of Micro Enterprise and Agribusiness said, “At Kingdom Bank, we firmly believe in the transformative power of financial empowerment. With Faidi Dada, we are proud to provide women with the tools, resources and support that they need to take control of their financial future and realize their dreams. We have allocated resources for providing financial support to customers within our network who tap into the Faidi Dada solution. As a Bank, we will offer a range of loan options, including short, medium and long-term financing, to assist them in achieving their business objectives and financial goals. Customers seeking unsecured loans can access up to Kes 3 million, while those with collateral can potentially secure loans of up to an impressive Kes 40 million, contingent upon their ability to repay.”

The unveiling of the Bank’s women-focused banking initiative is aptly timed to coincide with the global celebration of International Women’s Day, which revolves around the theme of nurturing inclusivity through the construction of a diverse, fair, and equitable world.