Terry Kimani, Manager Retail Banking and head of women Banking at DTB, presents products to Mercy Wambui and Jane Wanjiru, members of Ebenezer chama in Nakuru during the launch of Zawadi women account. The account will enhance financial literacy for women in business and inculcate the required skills to run their business. Looking on is Lucy Rotich DTB Branch Manager Nakuru main Branch.PHOTO/Courtesy.
Posted on by Pristone Mambili

DTB launches Zawadi, a special account for women-owned SMEs

Diamond Trust Bank (DTB) has launched a special account for women running Small and Medium Enterprises.

Terry Kimani, Manager Retail Banking and head of women Banking at DTB, presents products to Mercy Wambui and Jane Wanjiru, members of Ebenezer chama in Nakuru during the launch of Zawadi women account. The account will enhance financial literacy for women in business and inculcate the required skills to run their business. Looking on is Lucy Rotich DTB Branch Manager Nakuru main Branch.PHOTO/Courtesy.
Terry Kimani, Manager Retail Banking and head of women Banking at DTB, presents products to Mercy Wambui and Jane Wanjiru, members of Ebenezer chama in Nakuru during the launch of Zawadi women account. The account will enhance financial literacy for women in business and inculcate the required skills to run their business. Looking on is Lucy Rotich DTB Branch Manager Nakuru main Branch.PHOTO/Courtesy.

Dubbed Zawadi, the account is designed to enable women access favorable credit terms to grow their businesses from one stage to the next.

The account was launched at a financial literacy forum in Nakuru attended by more than 3,000 women owning and running SMEs.

The bank also introduced a special account for the small savings groups commonly referred to as chamas.

The SMEs that open either of the accounts with DTB will be eligible for a credit facility after 6-months to enable them to grow their businesses accordingly.

Speaking at the SME engagement, DTB Director Sales Dr. Kennedy Nyakomitta said, “The Zawadi account is specifically tailored to enhance Financial Literacy for women-owned businesses and inculcate necessary skills required to run their businesses effectively to enable them to take advantage of the financial opportunities offered by banks.”

He added that: “In addition to the Zawadi account, we have also launched the Chama account to encourage groups and collectives to venture into enterprise development, with the help of DTB. This in line with our ongoing expansion efforts across the country, as we seek to be more present with our communities.”

(L to R) Lawi Mbira, Head of Sales, DTB Bank taken through a mushroom sample by Mary Nyambura (Center) a mushroom farmer in Nakuru during the launch of Zawadi women account. The account is tailor made for women running small and medium enterprises and it is designed to enable women access favorable credit terms to grow their business. Looking on is Pauline Comfort from Destiny Network.PHOTO/Courtesy.

The financial literacy training intends to build the SMEs capacity in financial and human resource management, strategic planning, marketing and communication to enable them do business better and especially attract the kind of finances they need to grow.

The traders will also receive training on the various financial products and services available to enable them grow their business, from DTB.

About Diamond Trust Bank (DTB)

Diamond Trust Bank Kenya Limited (DTB) is a leading regional bank listed on the Nairobi Securities Exchange (NSE).

An affiliate of the Aga Khan Development Network (AKDN), DTB has operated in East Africa for more than 70 years.

DTB’s focus on the Small and Medium Enterprises sector and commitment to enhancing convenience for customers through innovative digital solutions has driven the Bank’s growth in recent years.

Pristone Mambili
Author: Pristone Mambili

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