Absa is committed to supporting women in business by providing tailored financial products and services designed to foster their entrepreneurial success. Recognizing the potential of women entrepreneurs, Absa offers a comprehensive suite of solutions, including:
Banking and Finance:
- Tailor-made accounts: Featuring benefits like 1% cashback on current account balances (above KES 300,000), foreign currency accounts with zero maintenance fees, multicurrency cards, and higher ATM withdrawal limits (KES 100,000). Standard features like access to chequebooks, mobile and internet banking, and connection to Absa Paybill are also included.
- Flexible loans: Unsecured loans up to KES 10 million (with repayment periods up to 6 years), asset finance with extended terms (up to 72 months), unsecured LPO financing (KES 12 million), and invoice discounting (up to KES 50 million). They also offer mortgages, a 60-day grace period on loan facilities, a self-employed credit card (up to KES 500,000), and digital credit card-to-M-Pesa transfers with up to 50 days interest-free credit.
Insurance and Wellness:
- Comprehensive insurance: Medical insurance focused on holistic wellness (including inpatient and outpatient cover, group sessions, phone consultations, and lifestyle advice), multiple risk cover (a 12-in-one policy), competitively priced motor insurance, and bespoke life assurance solutions.
Business Growth and Networking:
- Mentorship and training: Access to free quarterly networking events and workshops, the SME Enterprise Academy (in partnership with USIU), online training, business advisory services, and access to local and international markets.
- Partnerships and discounts: Access to lifestyle benefits and discounts through the Gold Credit Card and pre-negotiated partnership benefits with organizations like KNCCI and the SME Founders Association.
Absa’s commitment extends beyond just providing financial products; they actively work with women in business to help them achieve their goals through support, resources, and networking opportunities.
