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Women groups warned against shylocks

By DPPS | Oct 27th 2014 | 1 min read

Women have been urged to join groups that will give them access to affordable credit to invest in income generating projects but warned to source capital from credible financial institutions.

Deputy President William Ruto's wife Rachel at the weekend appealed to women to avoid modern shylocks who give them loans at exploitative rates, saying this has been a major impediment to the growth of small businesses.

Rachael, who is the patron of Joyful Women Organisation (JoyWo) asked women to practice table banking, a concept crafted by the Government to empower them. "No woman should be left behind as we embark on a mission to empower them economically," she said.

She reminded women of the 30 per cent public tender set aside for women youth and persons with disabilities, saying they should not shy away from such promising opportunities.

Rachael gave the remarks at the Deputy President's official residence in Karen where she addressed women groups' leaders from Nairobi County. The DP's wife said her office in partnership with JoyWo and other development partners are set to unveil a housing project that will see women build decent homes for their families.

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