WomenWork has launched a partnership with the Mastercard Foundation to offer emergency loans and business expertise to women entrepreneurs.
The organisation said the loan facility is aimed at providing a soft landing against Covid-19, which has disproportionately affected women-owned businesses.
The programme will also include digital business training and from a community of other women entrepreneurs.
It is part of the Mastercard Foundation Covid-19 Recovery and Resilience Programme including three other organisations, with technical support from the Grassroots Business Fund and 4G Capital.
READ MORE
Kenya, African leaders reject free use of pathogen data by developed states
US citizen from hantavirus ship tests positive
What is hantavirus, the disease that has killed 3 cruise ship passengers?
A commitment of Sh1.5 billion for Kenya from Mastercard will be channelled through four lead partner organisations in a series of interventions that will facilitate business continuity for enterprises with less than 10 employees and a turnover below Sh500,000.
“The Rebuild Programme...provides us the opportunity to offer the much-needed support to our community of women entrepreneurs who are facing significant challenges arising from the effects of Covid-19," said WomenWork Network co-founder Asha Mweru
