Women enterprise solutions is a microfinance institution that is non-deposit taking.
This institution solely exists to empower Kenyan women by mitigating the financial challenges they face in their businesses.
Therefore, Women enterprise solution is here to make sure that women grow their wealth and rise above societal norms.
Moreover, WESO does this by providing innovative, pro-poor credit options in order to enable women to start or even expand their already existing businesses.
As a result of this, women enterprise solutions offer a wide range of loans to women. Let’s discuss in detail, these loans below.
Types of Loans offered by Women Enterprise Solutions
The various loans that members of WESO get to enjoy are as listed below.
Imara Loan (Individual Loan)
The Imara loan is specifically developed in order to target individual women who own their business or women who have graduated from their group program.
As a result, one does not have to be a part of a group in order to access this loan.
2. Inuka loan (Business Inuka Loan)
The business inuka loan targets women who are running an enterprise together as a group. Say they have a group that deals with the making of seat covers. This group of women might want to increase production by buying a few machines to support their projects.
The women enterprise solution comes in to extend them a loan to buy these machines. In simple terms, this loan is extended to facilitate the purchase of working capital. These may include machinery and equipment, 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 in order to finance their income-generating products.
What do I need to qualify for Women 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
- Cooparate in group meetings and all affairs of the group.