DTB launch women-owned SME account dubbed Zawadi

Diamond Trust Bank (DTB) has launched a special account for women running Small and Medium Enterprises. Dubbed Zawadi, the account is designed to enable women access favourable credit terms to grow their businesses from one stage to the next.

The account was launched at a financial literacy forum in Nakuru attended by more than 3,000 women owning and running SMEs. The bank also introduced a special account for the small savings groups commonly referred to as chamas.

Speaking at the SME engagement, DTB Director Sales Dr. Kennedy Nyakomitta said the Zawadi account is specifically tailored to enhance Financial Literacy for women-owned businesses and inculcate necessary skills required to run their businesses effectively to enable them to take advantage of the financial opportunities offered by banks.

The SMEs that open either of the accounts with DTB will be eligible for a credit facility after 6-months to enable them to grow their businesses accordingly.

Dr. Nyakomitta added that “In addition to the Zawadi account, we have also launched the Chama account to encourage groups and collectives to venture into enterprise development, with the help of DTB. This in line with our ongoing expansion efforts across the country, as we seek to be more present with our communities” he added.

The financial literacy training intends to build the SMEs capacity in financial and human resource management, strategic planning, marketing and communication to enable them do business better and especially attract the kind of finances they need to grow.

The traders will also receive training on the various financial products and services available to enable them grow their business, from DTB.

The bank also launched a new branch at Likoni, Mombasa, as it continues to roll out its plan to reach more customers and support businesses in the vibrant Coastal region.

Located at the Likoni Mall, it is the 66th branch in Kenya and designed to serve the growing number of customers in Mombasa across the channel from the island to the South Coast.

Earlier last week, the 65th Branch was opened at Greenspan Mall in Nairobi.

Speaking at the new Likoni branch opening, DTB Board Chairman Linus Gitahi said: “Our presence in this region is a big part of our growth strategy which is why we have embarked on expanding our access. We are confident that the economy will improve, and that’s why we are making investments for the long-term.”

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