HomeGeneralEverything you need...

Everything you need to know about Women Enterprise Solutions

Women enterprise solutions is a microfinance institution that is non-deposit-taking.

This institution solely empowers Kenyan women by mitigating the financial challenges they face in their businesses.

Therefore, the Women’s enterprise solution is to ensure women grow their wealth and rise above societal norms.

Moreover, WESO provides innovative, pro-poor credit options to enable women to start or expand their existing businesses.

As a result, women’s enterprise solutions offer women a wide range of loans. Let’s discuss in detail these loans below.

Related: How Women Enterprise Fund Works.

Types of Loans offered by Women Enterprise Solutions

The various loans that members of WESO get to enjoy areas listed below.

  1. Imara Loan (Individual Loan)

The Imara loan is specifically developed to target individual women who own their businesses or have graduated from their group program.

As a result, one does not have to be a part of a group to access this loan.

2. Inuka loan (Business Inuka Loan)

The business inuka loan targets women running an enterprise together as a group. Say they have a group that deals with the making of seat covers. These women might want to increase production by buying a few machines to support their projects.

The women’s enterprise solution comes in to extend them a loan to buy these machines. In simple terms, this loan is developed to facilitate the purchase of working capital. These may include machinery and equipment, and farm inputs, among others.

3. Maendeleo/ Development Loan

Maendeleo loan is suitably developed to grow the women as individuals. Whether one would like to pay their school fees or those of their children, or if one would like to purchase a solar, buy water pumps and pipes, among other things.

4. Dharura/ Business Emergency Loan

sometimes one might receive an emergency order that needs immediate servicing; this loan will help facilitate all this. Ensuring that the customer’s order is delivered on time as promised.

5. Investment/Chama/Self-help Group Loan

All known self-help groups to women enterprise solutions receive this loan to finance their income-generating products.

What do I need to qualify for Women’s enterprise solutions loans?

  • Must be above 18 years of age
  • One can be already running a viable business or thinking of starting one
  • Willing to be registered as a group member between 5 – 10 people
  • Cooperate in group meetings and all affairs of the group.
Anne Katana
Anne Katana
I am a student of history. In my free time, I enjoy sharing my passion and experiences with people through blogging. I started this blog to educate and inspire people globally. So Welcome to Nasonga.

Related

Continue reading

How to Check Fuliza Limit in Kenya

In this article, we will discuss how to check Fuliza limit quickly. For those who want to access this loan facility. Fuliza, an M-Pesa overdraft facility, allows you to complete transactions even if you don't have the total amount...

New Fuel Prices in Kenya Today.

Most people know that fuel prices in Kenya have been rising steadily over the last few years. This rise has caused not only a decline in sales of fuel but also an increase in money spent on transport costs. The government,...

GOtv Packages 2022 in Kenya, Channels and Prices

Are you looking for GOtv packages 2022 packages and their prices? Here is the complete list of channels under the different GOtv Packages and prices. Finding the perfect TV package for your needs is challenging, so we've researched and outlined...

Mpesa Charges 2022: Safaricom Mpesa Rates and Tariffs

Here are the Mpesa Charges 2022 you can always look up and use when transacting on your mobile phone. The tables below include Mpesa Withdrawal Charges, Sending Charges, and All Mpesa Rates updated in 2022. Where would Kenya be without...