Kingdom Bank has announced that it has launched an banking product specifically to cater to the financial needs of women.
The new product has been launched into the market under the brand name Faidi Dada. It includes specialized financial products, personalized advisory services and exclusive networking opportunities. It will also have savings and investment accounts tailored to women’s goals, expert guidance on wealth management and financial planning.
“At Kingdom Bank, we firmly believe in the transformative power of financial empowerment,” said Kevin Mutisya, Kingdom Bank Head of Micro Enterprise and Agribusiness. “With Faidi Dada, we are proud to provide women with the tools, resources and support that they need to take control of their financial future and realize their dreams.”
In addition to financial services, Kingdom Bank’s Faidi Dada will include initiatives aimed at promoting financial literacy, entrepreneurship, and leadership development among women. The Bank will also explore strategic partnerships with women focused organizations and community outreach programs to create a more inclusive and equitable financial landscape for women everywhere.
“We have allocated resources for providing financial support to customers within our network who tap into the Faidi Dada solution. As a Bank, we will offer a range of loan options, including short, medium and long-term financing, to assist them in achieving their business objectives and financial goals. Customers seeking unsecured loans can access up to Kes 3 million, while those with collateral can potentially secure loans of up to an impressive Kes 40 million, contingent upon their ability to repay,” Mutisya elaborated.
Kingdom Bank is a subsidiary of the Co-operative Bank of Kenya that has a network of 19 branches across the country.