Gulf African Bank Managing Director Abdalla Abdulkhalik with the bank management team. [Photo/businessdailyafrica]
Youths and women are set to benefit from Gulf African Bank loans that are meant to improve their transactions.
This is after the bank has disclosed its interest to invest in youths and women by setting aside Sh500 million for lending.
Economically, investment in youths and women is a crucial and momentous act to boost the country's economy, with the fact that they both make up the largest population.
Being innovative and energetic, the youths possess a potential to change a country's economy to great heights.
GAB commitment would yield positivity towards the economy. This is an example of making monies available to those facing financial constraints as an excuse of sailing in abject poverty.
Unsecured loans would also be availed by this bank to support small and medium enterprises. In addition, the bank would provide advisory and business training services.
“We have committed to work with the KNCCI in capacity building for youth and women professionals and entrepreneurs in the SME sector, as well as linking businesses to financial solutions, especially LPO financing,” said the GAB Managing Director, Mr. Abdulkhalik.
“We are seeking to link businesses to economic resources and offer training opportunities to bridge skill gaps to businesses in the broader SME sector,” he added.
This kind of investment is critical and it's targeting on small and medium enterprises for improvement. Those interested would take this opportunity to get capital to better or build up their own businesses, that would earn them a living, reduce poverty and expand their premises.