Stanbic launches ‘Anakazi’ to help women access credit

STANBIC Bank Zambia has launched a programme called Anakazi aimed at enhancing women’s access to financing.

Bank head of business banking Mwansa Mutati said at the launch in Lusaka yesterday that Anakazi, which means women, would deliver the tools women needed to succeed in business, including easier access to convenient banking, finance as well as business knowledge.

“This initiative will go a long way in reaching out to women, enhancing their financial knowledge and therefore increasing their ability of accessing credit and formal banking services,” Mutati said.

She said Anakazi would boost Zambian women’s involvement in business and entrepreneurship since the bank was the first Zambian financial institution to join the Global Banking Alliance for Women (GBA) in February.

“This initiative will go a long way in reaching out to women and enhancing their financial knowledge,” Mutati added.
She further added that through its GBA membership, the bank had found great value from the access to a broad network of organisations worldwide that had the expertise and experience necessary to launch and embed a successful Women’s Market proposition.

“In all our market research, what came out clearly is that most women had inadequate information to be able to formalise their businesses or inadequate access to finance,” said Mutati, adding that Anakazi would also leverage its support to agriculture, an industry that supported more than 70 per cent of Zambian households, mainly women.

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