Fairness Named Africa’s SME Financier Of The 12 months

Fairness has been honored with three prestigious awards on the International SME Finance Awards 2023. The awards have been organized by the Worldwide Finance Company (IFC), a member of the World Financial institution Group, and the SME Finance Discussion board.

The awards are aimed to acknowledge excellent achievements in increasing entry to finance for small and medium-sized companies.

Dr. James Mwangi, Fairness Group Managing Director and CEO, expressed his appreciation for the popularity, saying, “We’re honored to obtain this recognition from the IFC and the International SME Finance Awards. This displays our dedication to repeatedly innovate our monetary options to cater to the various wants of SMEs, particular person girls, girls in teams, and women-led SMEs amongst others, and to proceed to empower them and allow them to foster progress and wealth creation.”

Launched in 2018 and now in its sixth yr, the International SME Finance Awards seize the efficient and profitable practices of financiers, honoring the progressive services for SME shoppers which have achieved spectacular ends in increasing finance and providers to SMEs and the establishments that undertake these efforts.

This yr’s award classes included SME Financier of the 12 months, Product Innovation of the 12 months, Greatest Financier for Girls Entrepreneurs, and Sustainable Bond of the 12 months.

Fairness acquired two Platinum Awards for “SME Financier of the 12 months – Africa” and “Product Innovation of the 12 months” for its “Pay With Fairness” resolution. Moreover, the lender acquired an honourable point out within the “Girls Financier of the 12 months” class.

The awards have been introduced through the International SME Finance Discussion board 2023 in Mumbai, India, the place a document 165 purposes have been submitted from 120 completely different establishments. An unbiased panel of 85 judges recognized 30 winners throughout all classes.

The International SME Finance Awards present a chance for monetary establishments and fintech firms to showcase and share their good practices and information. They’re organized by the SME Finance Discussion board and endorsed by the G20’s International Partnership for Monetary Inclusion (GPFI).

Fairness has made a collaborative effort to assist SMEs and ladies in enterprise by innovating monetary options to satisfy their wants. Thus far, a complete of two,417,019 girls and youth have been skilled in monetary training, 448,169 MSMEs have been skilled in entrepreneurship, and a complete of Kes 248.3 billion has been disbursed to 269,081 MSMEs underneath the Younger Africa Works Program.

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