Fashion Industry SMEs to benefit from expansion loans from Equity Bank.
Wednesday, June 22, 2016
The lender, who's move was alleviated by the positive market research report released concerning the viability of the Kenyan fashion industry,is willing to lend up to kes100million to each SME practising in the industry.Targeted segment include; tailors,fashion designers and fashion marketers.
The report unveiled yesterday revealed that more than 80 percent of the entrepreneurs practising in the textile and clothing industry in kenya are women and their major obstacle to expansion is inaccessibility to loans.As a lender,the Equity bank,through its Credit Director,Elizabeth Gathai,confirmed to lend a helping hand to the fashion sector players through provision of friendly credit solutions.
The credit solution package to fashion industry players comes with other benefits on board including trainings, market networks and platforms access.This will enable the entrepreneurs to participate in both local and global goods marketing.