CRDB, Care ink deal to empower women via IMBEJU

CRDB Bank and Care International have signed an agreement to impact financial and business skills and providing capital to women entrepreneurs through IMBEJU programme.

CRDB Bank Foundation Chief Executive Officer, Tully Esther Mwambapa, said during the signing ceremony that the move will expand the IMBEJU outreach and reach many women in business.

“CRDB and its Foundation believe that the Care International cooperation is a strong foundation towards overcoming challenges in our society, especially faced by women in business.

“I welcome other institutions to join hands with us on empowering women financially,” Ms Mwambapa said over the weekend.

The IMBEJU is focused on empowering women and youth economically by providing them with capital and support to develop their businesses.

Thus, the coming of Care International on-board is projected to accelerate the programme to achieve its goal. Care International has been involved in empowerment of economic groups for about three decades in the country.

Care International is one of the oldest organisations in the world and has been operating in the country in the last 29 years ago. Currently it works with over 50 groups in its quest to fight poverty and has 600,000 members.

Care International, Resident Director, Prudence Masako said their partnership with CRDB Bank Foundation’s IMBEJU was an important milestone on their efforts to combat poverty.

“We also believe in equality, since no society has progressed if women have not progressed,” Ms Masako said while challenging women to come out in masses and join the IMBEJU.

The CRDB and Care International agreement will enable women, in groups, to join not only through the lender network but also Care’s empowerment system.

Also, these groups will receive training from CRDB Bank Foundation and Care International staff. After the training the qualify groups will receive affordable loans under IMBEJE’s laid down objectives.

Last week, CRDB said they received over 700 loan applications in just one month since the programme was launched mid-March.

The IMBEJU has started with seed money of 5.0bn/- for loaning start-ups of innovative youth and women.

Early this year, the bank signed an agreement with Information and Communication Technologies Commission (ICTC) and the National Science and Technology Commission (COSTECH) through IMBEJU programme.

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