KINGDOM BANK UNVEILS FAIDI DADA – AN INNOVATIVE BANKING SOLUTION TAILORED FOR WOMEN

Kingdom Bank has launched an innovative banking solution designed specifically to cater to the financial needs of women. The new product which has been launched into the market, under the brand name Faidi Dada, is a comprehensive banking solution that embodies empowerment, prosperity and the nurturing spirit of women in our communities.

This comes on the back of the worldwide observance of International Women’s Day, which this year centers on the theme of fostering inclusivity by building a diverse, fair and equitable world. Faidi Dada recognizes the unique challenges and opportunities that women encounter in managing their finances.

The women’s banking solution encompasses a suite of services, including specialized financial products, personalized advisory services and exclusive networking opportunities. From savings and investment accounts tailored to women’s goals, to expert guidance on wealth management and financial planning, Kingdom Bank is dedicated to helping women achieve their financial objectives at every stage of life.

“We firmly believe in the transformative power of financial empowerment,” said Kevin Mutisya, Kingdom Bank’s Head of Micro Enterprise and Agribusiness. “With Faidi Dada, we are proud to provide women with the tools, resources and support that they need to take control of their financial future and realize their dreams.”

In addition to financial services, Kingdom Bank’s Faidi Dada solution also includes initiatives aimed at promoting financial literacy, entrepreneurship and leadership development among women. The bank is also looking to explore strategic partnerships with women-focused organizations and community outreach programs to create a more inclusive and equitable financial landscape for women everywhere.

“We have allocated resources for providing financial support to customers within our network who tap into the Faidi Dada solution. As a bank, we will offer a range of loan options, including short, medium and long-term financing, to assist them in achieving their business objectives and financial goals,” Mutisya stated.

“Customers seeking unsecured loans can access up to Ksh. 3 million, while those with collateral can potentially secure loans of up to an impressive Ksh.  40 million, contingent upon their ability to repay,” he further added.

The introduction of women-focused banking through Faidi Dada underscores Kingdom Bank’s unwavering dedication to driving positive change and fostering economic empowerment. By empowering women with the knowledge, resources and opportunities to thrive financially, Kingdom Bank which is a subsidiary of the Co-operative Bank of Kenya is not only investing in the success of individual women but also contributing to the overall prosperity and resilience of communities.