The need to provide women with opportunities in order for them to become economically empowered was highlighted at an event organized by Enat Bank to celebrate its 4th year of establishment as well as to mark International Women Day celebrated globally on March 8.
The event was attended by the Bank’s partners, those that have supported it during the establishment phase as well as inspiring successful women that are active in the areas of business as well as other fields.
“We wanted to underline Enat Bank’s commitment to supporting women and we wanted to call on everyone to work together to make the vision of empowering women economically a reality,” said Birtukan Gebreegzi, Vice President of Enat Bank.
Enat Bank, as part of its commitment to support women entrepreneurs, runs several programs through its financial and non financial services. Through its outreach efforts as well as financial educational and capacity building programs, it aims to sustain the success of women owned businesses.
Among the special services offered by the Bank is the Women Special Loan; for women-owned SMEs, who lack collateral, which is a bottleneck to the growth of their business.
“There are hard working women with viable businesses as well as ideas, who don’t have collateral to get loans. That is why we wanted to include this service. Of course we look at what they are doing and there are several criteria they need to fulfill like for example the ability to create employment for others. So far it has been successful,” Birtukan said. Enat Bank is the only bank offering such services to women business owners.
“If we want to see growth, we need to support the other half of the population; we can’t expect to grow as a country if we do not offer women opportunities. That is just how it works and we all have a part to play in this,” Birtukan said.
Enat Bank was established by a diverse group of 11 Ethiopian women with the vision of creating a bank that was open to everyone, with a special focus on women which was necessary to help women access credit, among other products.