KCB commits billions of shillings to women in diversity and inclusivity drive
Kenya Commercial Bank Group (KCB) announced plans to strengthen its diversity and inclusivity focus as part of its sustainability agenda by simplifying financial inclusion for women
According to KCB CEO Joshua Oigara, the initiative is geared towards gender diversity as part of the lender’s strategic move to ensure all women are encouraged to take up key roles in business ventures.
“KCB is committed to making financial services more accessible and improving financial literacy. We are exploring possibilities that would reduce inequalities within society and to enable their economic development.” Said Mr. Oigara.
In a statement from the bank, they have enhanced financial literacy training and capacity building to sensitize women on financial empowerment before the disbursement of loans.
The achievement was attributed to the 100% repayment rate success to the financial education foundation set during the empowerment program.
“The Bank’s Sustainability Agenda is aimed at further helping drive the Sustainable Development Goals, which are meant to eradicate an array of issues that include reducing poverty, hunger, disease, gender inequality, and access to water and sanitation.” Reads a statement in part.
KCB Group is among the major Kenyan corporates who monitor and report the progress of their sustainability initiatives.
In the period under review, the Bank recorded significant milestones in key areas among them a 23% reduction in its carbon footprint that is tracked and measured on a quarterly basis in all its operations.