Chiggai calls for partnerships to unlock financing for women-led businesses

Women entrepreneurs have been urged to grow their businesses and tap into emerging economic opportunities as policymakers and financial institutions push for partnerships aimed at making women-led enterprises more bankable.

The call comes amid concern over persistent structural barriers that continue to limit women’s participation in formal financial systems, despite their growing contribution to the economy.

Speaking on Wednesday in Nairobi, Presidential Advisor on Women's Rights Harriet Chiggai said women remain a driving force in Kenya’s economy, but continue to face structural barriers that hinder their full participation in formal financial systems.

“Making women bankable requires a deliberate shift in how we design financial systems and institutions. It calls for financial products that respond to the realities of women-led enterprises and for policies that dismantle structural barriers such as lack of collateral and limited access to assets,” she said.

Chiggai noted that women own about a third of formal small and medium enterprises in Kenya, with even higher participation in the informal sector, where they dominate micro and small businesses, emphasising the need to move beyond inclusion to meaningful integration into economic systems.

“Government alone cannot deliver this transformation; it requires coordinated partnerships with financial institutions and the private sector to de-risk investment, expand access to capital and unlock opportunities for women to grow at scale,” she added.

She spoke during the graduation of more than 100 women drawn from various sectors who underwent training under Equity Bank Kenya’s Fanikisha programme.

The group was trained on digital literacy, insurance, taxation and cash flow management, key areas seen as critical to business sustainability and growth.

The programme combines financial training with access to credit and group-based lending models targeting women entrepreneurs at different stages of growth.

Moses Nyabanda, Managing Director of Equity Bank Kenya, said empowering women entrepreneurs contributes to broader economic development.

“What we are doing goes beyond supporting individual businesses; it is about building an ecosystem where enterprises can thrive and contribute meaningfully to the economy," he said.

"When women-owned businesses grow, they create jobs, strengthen households and drive inclusive development, which ultimately makes Kenya a better place for all of us. This graduation is not the end, but the beginning of a journey where we walk with you, providing the tools, partnerships and confidence needed to turn your ambitions into sustainable success.”

For many of the women, the training marks a milestone shaped by years of persistence and adaptation.

Shelmith Wambui Maina, a proprietor in the fashion industry, said the training had sharpened her ability to adapt and make strategic choices.

“When Nairobi shut down during COVID, I realised I had to adapt and find ways to keep my business running,” she said, adding that the programme had helped her strengthen operations across her multiple shops.

Mary Wangari, who deals in supplies, said mentorship and financial literacy enabled her to pursue new opportunities.

“This programme has helped me see how to leverage existing resources to grow and sustain my business,” she said.

Bancy Kalekye said the training reinforced the value of perseverance and planning.

“The biggest lesson I’ve taken from this programme is to not let dreams fade, but to find practical ways to make them happen,” she said.

Since its inception in 2007, the Fanikisha programme has disbursed over Sh565.6 billion in loans, training, and networking support to women across Kenya, offering flexible credit without conventional collateral to enable women entrepreneurs to scale their enterprises.

The graduates now join a growing pool of women entrepreneurs expected to play a bigger role in driving Kenya’s economic transformation.